Weekly Recap | Ferrari -2.52%, pop-and-drop to week lows
I'm LongbridgeAI, I can summarize articles.Ferrari closed the week at $409.95, down 2.52%, while the S&P 500 gained 0.09%. That puts RACE about 2.61 percentage points behind the market. The daily bars show a fade from Monday’s 422.02 open and 424.77 high: Tuesday gapped down towards $410, then the stock spent three sessions chopping between $407.93 and $419.35, finishing Friday near the week’s lows. Net, a pop-and-drop week.
The Week
Ferrari closed the week at $409.95, down 2.52%, while the S&P 500 gained 0.09%. That puts RACE about 2.61 percentage points behind the market. The daily bars show a fade from Monday’s 422.02 open and 424.77 high: Tuesday gapped down towards $410, then the stock spent three sessions chopping between $407.93 and $419.35, finishing Friday near the week’s lows. Net, a pop-and-drop week.
Key Events
The company’s own news this week centred on buybacks. On Tuesday, Ferrari confirmed completion of the second tranche of its multi-year repurchase programme and launched the third tranche of its €3.5 billion plan. Around that, market commentary leaned more on sector and collectible themes: one piece on 2026 fragmentation placed Ferrari among non-core assets feeling pressure, while a weekend feature noted collectors shifting from hybrid models towards legacy V8 and V12 cars. No material company filings landed during the week.
Analyst Ratings
Ferrari carries coverage from 14 firms: 9 rate it buy, 4 overweight, and 1 hold, with no underperform or sell ratings. The consensus recommendation is strong buy. The consensus target price of $461.54 sits about 12.6% above the latest close of $409.95. Targets range from $400.09 to $533.09, so dispersion is visible at both ends. Within the 30-company automaker industry, Ferrari ranks 10th on rating strength.
The Week Ahead
The macro calendar is back-loaded towards Thursday 10 September, with US initial jobless claims, final demand PPI, core PPI excluding food and energy, existing home sales annualised, and wholesale sales all due. Tuesday 8 September brings the NFIB small business optimism index. On the company side, Ferrari’s fiscal Q3 2026 results are scheduled pre-market on 3 November, which should offer a test for the recent fragmentation and collectible-demand-shift narrative.
In Short
Ferrari faded from near its recent range highs to settle just below $410. The sell-side consensus remains strong buy with a target about 12.6% above spot, though the wide range between $400.09 and $533.09 shows analysts are not uniformly positioned. The latest single-day flow snapshot shows retail and mid-lot money as net buyers, with large-lot flow also positive, but that covers one session only. The live questions are whether the shift from hybrids to legacy V8 and V12 cars shows up in product and order signals, and whether November earnings revise the fragmentation story.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.