Alert: Positive Investment/Fundamental Signals (9/4/24)-Ferrari NV (NYSE: RACE)

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Ferrari NV (NYSE: RACE) has benefited from significant positive changes in fundamentals: the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

Ferrari NV (NYSE: RACE) has benefited from notable positive changes in investment behavior: positive upside/downside volume developed.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

RACE’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Ferrari has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Ferrari has a very low Appreciation Score of 12 but a good Power Rating of 80, resulting in the Low Neutral Value Trend Rating.

Recent Price Action

On 9/4/24, Ferrari NV (NYSE: RACE) stock rose slightly by 0.05%, closing at $486.92. Trading volume in this advance was normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.5% during the last week.

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