Morgan Stanley cuts target for Ferrari stock from USD 460 to USD 456
Published on 10/02/2026 at 17:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Ferrari (ISIN NL0011585146) was trading at EUR 343.70 at Lang & Schwarz on October 2, 2026, down 0.23 percent from the prior close of EUR 344.50. Morgan Stanley cut its Ferrari target from USD 460 to USD 456 while keeping an Overweight rating on September 30, 2026, according to Investing.com. The same update raised Morgan Stanley's euro target from EUR 395 to EUR 401 as exchange-rate movements changed the dollar conversion.
Morgan Stanley sees currency effects
Morgan Stanley expects Ferrari's third-quarter 2026 shipments to decline 1.50 percent year over year, although it projects sequential improvement from the first half of 2026. Its forecast calls for EBITDA of EUR 737.00 million and a 39.00 percent margin, according to Investing.com.
Second-quarter profit outpaced revenue
Ferrari generated EUR 1.94 billion in revenue in the second quarter of 2026, while operating profit reached EUR 605.06 million and net income totaled EUR 462.78 million. The operating margin was 31.24 percent, based on the company's reported second-quarter figures.
The result gives the analyst debate a clear split: lower deliveries remain a volume risk, while pricing, product mix and personalization support profitability. Investing.com reported that adjusted EBIT of EUR 605.00 million exceeded Visible Alpha consensus by 6.00 percent.
Rakuten deal adds a later catalyst
Ferrari also announced a partnership with Rakuten Group on September 17, 2026, effective January 1, 2027. The agreement links Ferrari's brand with a global technology company, according to MarketScreener.
Trading data stays below the prior close
Ferrari's market capitalization was USD 67.9 billion on October 2, 2026, while its 52-week range stood at USD 312.51 to USD 503.78. The next earnings date is November 3, 2026, as listed by Yahoo Finance.
Ferrari's euro quote remained EUR 0.80 below the Lang & Schwarz prior close of EUR 344.50 on October 2, 2026 at 5:10 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Ferrari stock.
Ferrari stock data
- Company: Ferrari N.V.
- ISIN: NL0011585146
- Ticker: RACE
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 2, 2026, 5:10 p.m. CEST): EUR 343.70
- Change versus prior close: minus 0.23 percent
- Prior close Lang & Schwarz (October 1, 2026): EUR 344.50
- Market capitalization: USD 67.9 billion (as of October 2, 2026)
- 52-week range: USD 312.51-503.78 (as of October 2, 2026)
- Sector / Industry: Consumer Cyclical / Auto Manufacturers
