Goldman Sachs raises target for Ferrari stock to EUR 421.00

Published on 10/08/2026 at 13:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached EUR 1.94 billion, up 8.00 percent. Ferrari stock costs EUR 343.40 on October 8, 2026 after EUR 345.13, minus 0.50 percent.

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Ferrari (ISIN NL0011585146) was trading at EUR 343.40 at Lang & Schwarz on October 8, 2026 at 1:05 p.m. CEST, while Goldman Sachs had raised its target from EUR 407.00 to EUR 421.00 on September 29, 2026. Investing.com reported that the bank maintained its Buy rating while expecting Ferrari to exceed third-quarter 2026 earnings expectations.

Target rises on earnings outlook

Goldman Sachs projected third-quarter 2026 volume of 3,370 vehicles against consensus of 3,410, while its revenue forecast stood 3.10 percent above consensus and its EBIT forecast 4.10 percent higher. The comparison puts Ferrari's pricing and mix strategy at the center of the debate, because the analyst expects higher average selling prices to offset lower deliveries.

The bank also forecast a pre-foreign-exchange average selling price of EUR 456,000 for the third quarter, up 1.00 percent sequentially from the first half of 2026. Personalization rates above 20 percent of cars and spare-parts revenue were cited as an important support for Ferrari's margin profile.

Revenue grows as volumes fall

Ferrari's second-quarter 2026 revenue reached EUR 1.94 billion, up 8.00 percent year over year, while EBIT came to EUR 605.00 million and the EBIT margin was 31.20 percent. The company's Q2 2026 earnings call, published by Yahoo Finance, also reported EUR 755.00 million of EBITDA and EUR 275.00 million of industrial free cash flow.

The operational trade-off was visible in shipments: Ferrari delivered 3,366 vehicles in the quarter, down 3.70 percent year over year. Management said the decline reflected model changeovers and higher personalization, while the order book covered the entire 2027 production year.

Stock remains below the target

At EUR 343.40 in euros, the Lang & Schwarz price is below Goldman Sachs' EUR 421.00 target, but the two values use different currencies only when the target is stated in euros, so the comparison is directly measurable. The current market signal is therefore more restrained than the earnings profile, with the stock down 0.50 percent versus the EUR 345.13 Lang & Schwarz prior close of October 7, 2026.

Ferrari stock and market data

Ferrari's NYSE quotation was USD 386.39 at 4:00 p.m. ET on October 7, 2026. The primary-exchange market capitalization was USD 68.0 billion, and the 52-week range was USD 312.51 to USD 490.54.

The further course of trading is shown by the continuously updated real-time quote of Ferrari stock.