Weekly Recap | Ferrari -3.67%, lagging the S&P 500
I'm LongbridgeAI, I can summarize articles.Ferrari (RACE) ended the week at $420.54, down 3.67%, while the S&P 500 added 0.49% — a relative underperformance of about 4.16 percentage points. The shares opened higher on Monday, drifted lower midweek, and touched an intraday low of $411.31 on Wednesday before a modest stabilisation on Thursday. Friday’s bounce was not enough to erase the decline. Weekly amplitude came in at 4.37%, with turnover running below the recent average.
The Week
Ferrari (RACE) ended the week at $420.54, down 3.67%, while the S&P 500 added 0.49% — a relative underperformance of about 4.16 percentage points. The shares opened higher on Monday, drifted lower midweek, and touched an intraday low of $411.31 on Wednesday before a modest stabilisation on Thursday. Friday’s bounce was not enough to erase the decline. Weekly amplitude came in at 4.37%, with turnover running below the recent average.
Key Events
The standout item was the record $40 million auction price for Ferrari’s first electric car, reported on 24 August. On the same day, Callan Family Office LLC disclosed a purchase of 5,245 shares, and on 25 August, The Manufacturers Life Insurance Company disclosed a new position. Both are small individual disclosures and offer limited signal. A CCT Fortis earnings headline on 28 August has no direct link to Ferrari. Overall, the week lacked meaningful company-specific news, and the auction story, while attention-grabbing, did not lift the share price.
Analyst Ratings
Fourteen analysts cover Ferrari: nine rate it buy, four overweight, one hold, and none underweight or sell. The consensus is a strong buy, with a target of $465.18, roughly 10.6% above the latest price. Targets range from $403.13 to $537.13, a spread of about $134 that shows wide disagreement on valuation. Within the 30-stock automobile manufacturer coverage, Ferrari’s rating rank sits in the lower half.
The Week Ahead
The macro calendar dominates the coming week: Dallas Fed manufacturing activity on 31 August, followed on 1 September by S&P Global manufacturing PMI final, ISM manufacturing PMI and JOLTS job openings, then ADP employment, factory orders and EIA crude inventories on 2 September. Softer US manufacturing or labour data could affect risk appetite across the market. Ferrari itself has no earnings due until its fiscal Q3 release before the open on 3 November.
In Short
Ferrari fell against a firmer market this week, with little company-specific news to shift investor expectations. A strong-buy consensus and a target price above spot stand in contrast to the week’s pullback. The next test is whether macro data keep pointing to a cooling US cycle, and whether the stock continues to trade lower on valuation without a fresh catalyst.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.