UBS cuts target for Ferrari stock from USD 490 to USD 450
Published on 10/06/2026 at 09:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Ferrari stock (ISIN NL0011585146) was trading at EUR 344.45 at Lang & Schwarz on October 6, 2026 at 9:31 a.m. CEST, up EUR 2.87 or plus 0.84 percent versus the prior close of EUR 341.58. On October 5, UBS cut its Ferrari price target from USD 490 to USD 450 while retaining a Buy rating, as Investing.com reported.
UBS weighs valuation against demand
The target reduction reflects valuation concerns rather than a withdrawal of UBS support. The bank cited dealer checks showing stronger customer inquiries and resilient resale values, while also highlighting Ferrari's premium valuation against luxury peers, according to Investing.com on October 5, 2026.
The same report said UBS expects third-quarter shipment volume to decline 1.50 percent year over year, although sequential volume trends should improve. That combination makes the upcoming results a test of whether the model-change cycle is temporary or more persistent.
Second-quarter figures remain constructive
Ferrari generated EUR 1.94 billion revenue in the second quarter of 2026, up 8.40 percent from the second quarter of 2025. Net income reached EUR 463.0 million, an increase of 9.10 percent year over year, according to Simply Wall St.
The operating picture therefore has two distinct parts. Revenue and net income expanded at double-digit rates in the latest quarter, while UBS expects vehicle volumes to remain under pressure in the third quarter. Ferrari's pricing, product mix and personalization activity must offset that volume drag to sustain the recent earnings profile.
Ferrari stock remains below its yearly high
Ferrari trades on the New York Stock Exchange under ticker RACE, and the latest market data show a USD 67.4 billion market capitalization as of October 5, 2026. The NYSE 52-week range was USD 312.51 to USD 501.40, placing the stock below its yearly high even as the company continues to report revenue growth.
For investors, the key comparison is between operational growth and valuation discipline. UBS kept its Buy rating but lowered the target by USD 40, while Ferrari's second-quarter revenue rose 8.40 percent year over year. The third-quarter volume update will help determine whether earnings resilience can continue through the model transition.
Price and trading reference
At Lang & Schwarz, Ferrari was trading at EUR 344.45 on October 6, 2026 at 9:31 a.m. CEST, plus 0.84 percent versus the prior close of EUR 341.58 on October 5, 2026. Primary-exchange data showed Ferrari at USD 383.40 at the NYSE close on October 5, 2026.
The further course of trading is shown by the continuously updated real-time quote of Ferrari stock.
Ferrari stock facts
- Company: Ferrari N.V.
- ISIN: NL0011585146
- Ticker: RACE
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 6, 2026 at 9:31 a.m. CEST: EUR 344.45
- Change versus prior close: plus 0.84 percent
- Prior close Lang & Schwarz October 5, 2026: EUR 341.58
- Market capitalization: USD 67.4 billion as of October 5, 2026
- 52-week range: USD 312.51-501.40 as of October 5, 2026
- Sector / Industry: Consumer Cyclical / Auto Manufacturers
- Next earnings date: November 3, 2026
