Wolfe Research initiated coverage of Ferrari NV (RACE) on July 7, 2026. Analyst Emmanuel Rosner assigned the luxury automaker an Outperform rating. The firm set a price target of €382, implying a 13% upside from current levels.
Rosner suggests that Ferrari’s internal growth targets are too conservative. He expects new model launches to drive revenue acceleration above market consensus starting in 2027.
Wolfe Research projects fiscal 2027 sales will reach €8.47 billion. The firm forecasts an EBIT of €2.62 billion for the same period.
The analyst dismissed concerns regarding Ferrari’s electrification transition as overblown. He noted that the company has already completed its most significant investments in electric vehicle technology.