Goldman Sachs Lifts Ferrari Price Target to EUR421.00 Amid Bullish Earnings Outlook
Goldman Sachs has raised its price target for Ferrari NV ( ticker not mentioned) stock to EUR421.00 from EUR407.00, while maintaining a Buy rating on Tuesday.
The luxury automaker trades at a P/E ratio of 38.5 with a market capitalization of $77.6 billion, though InvestingPro data suggests the stock is currently overvalued relative to its Fair Value estimate.
Despite management's comments about lower year-over-year third-quarter volumes, Goldman Sachs expects Ferrari to exceed earnings expectations in Q3 2026 and Q4 2026.
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. Pre-foreign exchange average selling prices are projected at EUR456,000 and EUR461,000 for the respective quarters, representing a 1% sequential increase from the first half of 2026.