Analyst Horst Schneider of Bank of America Securities reiterated a Buy rating on Ferrari, with a price target of €496.00.
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Horst Schneider has given his Buy rating due to a combination of factors surrounding Ferrari’s strategic outlook and financial performance. Despite a temporary decline in Ferrari’s share price following its 2Q25 results, Schneider anticipates a positive shift driven by the company’s upcoming Capital Markets Day (CMD) on October 9, 2025. He expects Ferrari to announce strong five-year targets, including an increase in sales and EBIT margin guidance, unveiling an electric vehicle concept, and a robust 2030 plan with significant free cash flow projections.
Beyond the CMD, Schneider views Ferrari as a luxury car stock with lower disruption risks compared to its peers. He highlights the company’s strong earnings growth potential, with a projected EPS CAGR of 9% and FCF CAGR of 12% from 2024 to 2030. Additionally, Ferrari’s limited edition models, such as the F80, are expected to drive revenue and ASP growth. Schneider also notes that Ferrari’s price/mix strategy remains solid, particularly with limited volumes of hybrids and BEVs. Consequently, he maintains a Buy rating, supported by a valuation approach that combines DCF and peer multiples, resulting in a price objective of €496.
In another report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $520.00 price target.