Ferrari N.V. (RACE)’s ASP Growth Expectations Fuel Analyst Optimism

RACE +2.38%

We recently published 12 Best Consumer Cyclical Stocks to Buy According to Analysts.  Ferrari N.V. (NYSE:RACE) is one of the best consumer cyclical stocks

Ferrari N.V. (NYSE:RACE) is one of the most well-known luxury car brands in the world. Its shares are down by 5.9% year-to-date as they struggle to recover from a major 21% dip in October. The stock fell after what media reports described as a lackluster €9 billion revenue target for 2030.

As of November 28th, out of 14 analyst recommendations for Ferrari N.V. (NYSE:RACE)’s stock, eight were a Buy, while three were a Strong Buy. The remaining three were a Hold. The average share price target for Ferrari N.V. (NYSE:RACE)’s stock was $484.92.

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One recent analyst action on Ferrari N.V. (NYSE:RACE)’s shares came in the form of a Buy rating from Goldman Sachs after the bank initiated coverage and set a $454 (€391) share price target on November 24th. As part of its coverage, the bank outlined that Ferrari N.V. (NYSE:RACE) could experience an average selling price growth of 14% and 4% for the years 2026 and 2027. Goldman’s optimism about the firm was based on Ferrari N.V. (NYSE:RACE)’s pricey vehicles such as the 296 Versione Speciale and the F80 hypercar.

Pricing power was a part of the discussion during Ferrari N.V. (NYSE:RACE)’s third-quarter earnings call, as after GAM’s Flavio Cereda asked management whether they expected pricing power to continue in the future, CEO Benedetto Vigna replied:

“Thank you, Flavio, for the question. It’s not at all an end. Actually, we feel confident that with all the innovation that we have to delight our clients, we do not see any weakening in our pricing power. We will continue to offer Flavio, car with a different positioning. All of them will benefit of the pricing power because this pricing power, just to be clear, is not coming because we will just increase the price for the same, let me say, product as it is. No, we will make richer and richer innovative, more and more innovative with the product so that by delighting the client, we are confident that we will keep our pricing power. And this is what we are working on. And this is the goal of all the money that we invest in R&D, in innovation with all the team here.”

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Disclosure: None. This article is originally published at Insider Monkey.