Ferrari NV (RACE) Stock AnalysisRACEFerrari NV

Ferrari NV, known as Ferrari, is an Italy-based designer, manufacturer and retailer of sports cars that is incorporated in the Netherlands. It operates under the Ferrari brand. Its sports cars portfolio includes, among others, F12berlinetta, FF, Ferrari 488 GTB, 488 Spider, 458 Speciale, Ferrari California T, F12tdf and LaFerrari. The Company also offers financing services through Ferrari Financial Services. It also produces limited series and one-off cars. The Company divides its regional markets in EMEA (Europe, the Middle East, India and Africa), Americas, Greater China and Rest of APAC (Asia-Pacific region, excluding Greater China) and is active in over 60 markets worldwide through a network of authorized dealers. It operates in the Consumer Cyclicals sector.

Ferrari NV is currently trading at $389.91, which is approximately 23% off its 52-week peak of $504.49, indicating potential for recovery. However, the RSI is at 41.51, suggesting it is nearing oversold territory but not yet a strong buy signal. The forward P/E ratio is 32.57, which is relatively high compared to its peers, indicating that the stock may be overvalued at this price. Additionally, insider activity is neutral, and hedge funds have increased buying by 353.70% over the last quarter, which is a positive sign. The main risk is the high forward P/E ratio, which could limit upside potential if earnings do not meet expectations.

10 analysts cover RACE: 4 rate it Buy, 3 Hold and 3 Sell. The average price target is 448.83.