Ferrari Price Target Hiked by Goldman Sachs as Earnings Outlook Improves
Goldman Sachs has revised its price target for Ferrari NV to EUR421.00 from EUR407.00, while maintaining a Buy rating.
The firm expects Ferrari to exceed third-quarter 2026 earnings expectations despite management's comments about lower year-over-year third-quarter volumes.
Goldman Sachs now forecasts third-quarter 2026 and fourth-quarter 2026 volumes of 3,370 and 3,310 units, compared with consensus estimates of 3,410 and 3,300 units.
The firm projects pre-foreign exchange average selling prices of EUR456,000 and EUR461,000 for the third and fourth quarters, representing a 1% sequential increase from the first half of 2026.