Stocks
Goldman Sachs Boosts Ferrari Price Target Amid Earnings Expectations
Goldman Sachs has raised its price target for Ferrari NV () to EUR421.00 from EUR407.00 while maintaining a Buy rating.
The luxury automaker's P/E ratio is 38.5, and it has a market capitalization of $77.6 billion.
Despite management's comments about lower year-over-year third-quarter volumes, Goldman Sachs expects Ferrari to exceed earnings expectations.
The firm 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.