Morgan Stanley Upgrades Ferrari N.V. to 'Buy' with $438 Target
Morgan Stanley analyst Adam Jonas raises Ferrari's price target to $438, maintaining a 'buy' rating, a 20.95% upside from the current price.
Key Points
- Morgan Stanley's Adam Jonas upgraded Ferrari N.V. to 'buy' with a new price target of $438 on June 15, 2026.
- Morgan Stanley's $438 price target implies 20.95% upside from Ferrari N.V.'s ($RACE) current $362.13 share price.
- Ferrari shares traded near $354.91, with a market cap of $62.5 billion and a P/E ratio of 34.3.
- Peers like Vanguard Capital and Bank of New York Mellon showed varied activity in Ferrari shares, with Morgan Stanley increasing its stake by 251,046 shares.
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Morgan Stanley has upgraded its rating on Ferrari N.V. (NYSE: RACE) to 'buy' with a new price target of $438. Analyst Adam Jonas announced the upgrade on June 15, 2026, highlighting a positive outlook for the luxury automaker.
Other Institutional Activity in Ferrari
Several institutional investors have been active in Ferrari's stock. Baillie Gifford & Co trimmed its holdings by 14,354 shares, ending with 3,875,660 shares valued at approximately $1.29 billion. Vanguard Capital Management LLC added 3,581,557 shares, bringing its total to the same number, with a value of about $1.22 billion. Amundi reduced its position by 344,905 shares, holding 2,958,359 shares worth roughly $1 billion. Meanwhile, Bank of New York Mellon Corp increased its stake by 218,830 shares to 2,808,855 shares, valued at $950.7 million. Morgan Stanley also boosted its holdings by 251,046 shares, resulting in a total of 2,797,610 shares worth $946.9 million.
Ferrari N.V. Stock Down 13.9%
Shares of Ferrari N.V. (NYSE: RACE) traded around $354.91. The company boasts a market cap of $62.5 billion and a P/E ratio of 34.3. Its forward P/E stands at 28.6, with a beta of 0.595. The stock's 52-week range spans from $312.51 to $519.10, with a 50-day moving average of $345.35 and a 200-day moving average of $380.51. Ferrari maintains a current ratio of 2.57 and a quick ratio of 1.91, with a debt-to-equity ratio of 72.25.
Recent Earnings
Ferrari reported revenue of $7.2 billion, reflecting a growth rate of 3.2%. The company achieved an EPS of $10.36, with a net margin of 22.2% and a return on equity of 41.97%. Ferrari is set to announce its next earnings on July 30, 2026.
Dividend
Ferrari offers an annual dividend rate of $4.23, yielding 1.19%. Its dividend payout ratio is 33.21%, providing investors with a steady income stream.
Analysts Set New Price Targets
On June 15, 2026, Morgan Stanley's Adam Jonas upgraded Ferrari to 'buy' with a price target of $438. UBS maintained its 'buy' rating with a target of $483 on April 1, 2026. JP Morgan also maintained a 'buy' rating on March 3, 2026, with a target of $447. The consensus among 14 analysts is a 'strong buy', with a mean target price of $439.40.
About Ferrari N.V.
Ferrari N.V., headquartered in Maranello, Italy, is a renowned luxury sports car manufacturer. Founded in 1947, the company designs, engineers, and produces high-performance sports cars, including a range of sports, track, one-off, and road cars. Ferrari also provides spare parts, maintenance services, and licenses its brand to luxury goods producers. The company operates museums, restaurants, and theme parks, and offers financial services. Ferrari is led by CEO Mr. Benedetto Vigna and employs around 5,740 people.
Bottom Line
Morgan Stanley's upgrade of Ferrari to 'buy' with a $438 target reflects confidence in the company's future performance. With strong earnings and a robust market presence, Ferrari remains a key player in the luxury automotive sector. Investors should note that 13F filings and analyst ratings are backward-looking and may not reflect current conditions.
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