Ferrari NV (MIL:RACE) saw UBS lift its price target to $497 as management cites strongest core momentum since 2025 and a positive Q2 outlook with possible 2026 guidance upgrades; the firm balances high‑margin EVs like the Luce with combustion/hybrid demand, limited editions and lighter aluminum wiring.
Previous Week Recap
- UBS Raises Ferrari Price Target: UBS kept a Buy on Ferrari NV (RACE) and raised its price target from $483 to $497 per share, a $14 increase reflecting updated analyst valuation.
- Ferrari Sees Strong Momentum; Outlook Positive: Ferrari (RACE) sees strongest core momentum since 2025; management says Q2 outlook is positive after investor day, may raise 2026 guidance in Q3. Shares up 0.3% to €323.15
- Ferrari Focus On High-Margin EVs: Ferrari (RACE) confirms focus on high-margin EVs while retaining combustion and hybrid models. CEO Vigna’s Luce adds EV capacity without replacing existing lineup; demand for non-EV models remains.
- Beijing Showroom Luce Deposits: Ferrari (RACE): Beijing showroom had no Luce display; dealers say Luce is orderable with ¥400k–¥500k deposit. Initial deliveries expected Q3 next year; final wait times set after options.
- Limited 12Cilindri Manuale V12: Ferrari (RACE) launched a limited 12Cilindri Manuale V12 with manual-by-wire, 1,499 units, price from €590,000 in Italy; deliveries start Q1 next year.
- Aluminum Wiring Reduces Weight: Ferrari NV (RACE) shifted to aluminum wiring across recent models, starting with the 296 hybrid and now on the Luce EV, cutting wiring weight roughly 15–20% and aiding overall vehicle lightening.
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