RBC will raise Ferrari (race) price targets and maintain purchase ratings

Ferrari NV (NYSE:Race) is one of Buy Now Most Profitable Consumer Stocks. RBC Capital Markets analyst Tom Narayan has raised his price target from $569.79 to $581.42 with Ferrari NV (NYSE:RACE). buy Evaluation of stocks cites the strength of a strong brand and the resilience of continuous demand in the luxury automotive segment. The revision, albeit modestly, reflects Ferrari’s confidence in positioning as a premium automaker with pricing capabilities and a loyal global customer base.

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The current market price is $507.70, and the new target means a chance of a rise of nearly 14.5%. The RBC update has sparked increased interest from investors in luxury consumer goods, particularly brands that show their ability to increase margins despite the complex macro background. Narayan noted that Ferrari NV (NYSE:RACE) continues to benefit from limited supply, robust orders and a steady shift towards hybrid and future EV models.

Ferrari’s recent financial performance supports bullish outlook. The company has consistently provided solid revenues, supported by strong ASP (average selling price) and disciplined cost management. The expansion plans, including Maranello’s new plant, focusing on electric vehicles, are considered a long-term growth driver.

With stocks already rising sharply over the past year, investors are now looking for upcoming quarterly results for evidence that Ferrari can justify a premium valuation as they maintain momentum and compete for an increasingly electrified future.

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