The Week

Ferrari (RACE) fell 1.71% this week to close at $406.69, while the S&P 500 slipped 0.08%, leaving the stock trailing the benchmark by about 1.63 percentage points. The week took a fade-after-spike shape: shares opened at $401.96 on Monday, climbed to a high of $416.58 on Wednesday, then pulled back over the final two sessions to finish at $406.69. Weekly amplitude was 3.66%, with turnover picking up in the second half of the week.

Key Events

The week’s company news centred on Thursday. On 17 September, Ferrari announced a multi-year global partnership with Japan’s Rakuten Group, effective from 2027, with Rakuten becoming a major partner of Scuderia Ferrari HP. The tie-up was confirmed by several reports on the same day. Earlier in the week, Bank of America Corp disclosed a new stake of 836,446 shares in regulatory filings, and on Monday Ferrari published a routine update on its buyback programme. Overall, the story this week leaned on external partnerships and institutional positioning rather than new products or earnings.

Analyst Ratings

Coverage stands at 14 institutions in total, with 9 buy, 4 overweight and 1 hold rating; there are no underweight or sell ratings. The consensus rating is strong buy, and the consensus target price sits around $468.35, about 15.16% above the current price. The target range runs from $417.355 on the low end to $535.008 on the high end, with most dispersion coming from a single high outlier. Within the automaker sector, Ferrari ranks in the upper-middle tier.

The Week Ahead

There are no Ferrari-specific earnings or events next week, so the focus shifts to macro data: the Richmond Fed composite index on 22 September, EIA crude inventory on 23 September, and weekly jobless claims plus new home sales on 24 September. For Ferrari, these matter mainly through risk appetite and consumer-growth expectations. The next real catalyst is the third-quarter fiscal 2026 results on 3 November, pre-market, with consensus revenue around $2.226 billion.

In Short

This week’s modest pullback did not shake the broker view: 13 of 14 institutions rate the stock buy or overweight, and the consensus target sits about 15% above spot. At roughly 38x P/E and 17.3x P/B, the valuation is still rich, so the question is whether upcoming results can absorb it. On the latest trading day, small- and medium-lot flows were net positive while large-lot money turned net seller. The overall picture is one of consolidation near highs rather than a trend break, with attention now turning to macro risk appetite and the November earnings update.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.