UBS analyst Susy Tibaldi raised the firm’s price target on Ferrari to $448 from $413 and keeps a Buy rating on the shares. Ferrari stands out as a key defensive play in an increasingly uncertain macro context and slowing demand in the broader luxury sector, thanks to its exposure to high net worth individuals and the visibility provided by record order books covering all of 2025 and beyond, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on RACE:
- Ferrari (RACE) Hits a New 52-Week High on Blockbuster Results
- Lewis Hamilton Joins Scuderia Ferrari in 2025
- Record 2023 Results Strengthen the Foundation for Continuous Growth
- Ferrari sees FY24 adjusted EPS greater than, equal to EUR 7.50
- Ferrari reports Q4 adjusted EPS EUR 1.62 vs. EUR 1.21 last year