Goldman Sachs lifts Ferrari (RACE) price target, shares recover after volatility
Goldman Sachs increased its price target for Ferrari NV, contributing to a 3.4% rise in the luxury automaker's shares on Thursday. The stock is trading at €293.50, recovering some of the ground lost earlier this week. This movement follows a period of volatility for the Italian company.
The investment bank raised its target for Ferrari NV to €383.00 from €382.00, maintaining a "Buy" rating on the shares. This adjustment comes after the May 26 presentation of the Ferrari Luce, the company's first fully electric vehicle. The launch of the new model had initially prompted a share decline, with the stock falling 5.9% following the debut.
Further supporting the positive sentiment are Ferrari's strong first-quarter 2026 results, reported on May 5. The company surpassed analyst expectations with earnings per share of $2.69 and revenues of $2.14 billion, while also reaffirming its full-year 2026 guidance. Today's trading price of €293.50 compares with yesterday's close of €283.75, signalling a significant rebound.
Why Goldman Sachs' Price Target Boost Re-Engined Ferrari's Stock
Ferrari, the iconic Italian marque, operates far beyond just selling cars. Its business model centres on crafting extremely limited, high-performance luxury vehicles, both for the road and for competitive racing, catering to an affluent and passionate global clientele. Beyond direct vehicle sales, the company generates substantial revenue from brand sponsorships, exclusive merchandise, and managing its celebrated Formula 1 team, all of which reinforce its premium image and desirability.
Today's 3.4% rise in Ferrari's stock is directly linked to an intervention from Goldman Sachs. The investment bank's analysts recently updated their price target for RACE shares, nudging it up to €383.00 from €382.00, while maintaining their "Buy" rating. This move provided a significant boost, especially after the launch of the company's first fully electric vehicle, the Ferrari Luce, on 26 May had initially caused a 5.9% dip in the stock, with strong first-quarter 2026 results reported on 5 May also contributing to positive sentiment.
This revised price target has propelled Ferrari's shares to trade at €293.50, marking a precise 3.4% increase from yesterday's close of €283.75. This indicates a clear reversal in trend following a slight dip earlier in the week.
Imagine you are a collector of rare, high-end watches, and the market has shown some hesitation about a new, innovative model you own after its initial unveiling. When a globally respected horology expert not only reaffirms the intrinsic value of your timepiece but even slightly raises their valuation, it reassures other collectors and reignites confidence in its long-term appeal. That's the effect Goldman Sachs' updated outlook has had on Ferrari's stock.
Ferrari
Ferrari N.V. (RACE) is a luxury automotive manufacturer specialising in high-performance sports cars, grand tourers, and limited-edition vehicles, including hypercars and one-off designs. Beyond vehicle sales, the company provides comprehensive after-sales services, including repairs, maintenance, and restoration, alongside supplying spare parts and engines. Ferrari also operates in brand licensing, extending its iconic marque to luxury goods, and theme parks such as Ferrari World in Abu Dhabi and Ferrari Land Portaventura. The company offers financing and leasing solutions to clients and dealers, manages racetracks, and curates two museums in Italy. Its retail presence includes 30 Ferrari stores and a global network of 172 authorised dealers, supplemented by online sales. Founded in 1947, Ferrari is headquartered in Maranello, Italy.