UBS cuts target for Ferrari stock to USD 450
Published on 10/12/2026 at 10:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- UBS cut its Ferrari price target from USD 490 to USD 450 on October 5, 2026 while retaining a Buy rating.
- Ferrari reported EUR 1.94 billion of revenue in the second quarter of 2026, up 8.00 percent year over year.
- Ferrari stock was trading at EUR 350.88 at Lang & Schwarz on October 12, 2026, plus 0.99 percent versus the Xetra close of EUR 347.45.
- Ferrari's next scheduled report is the third-quarter 2026 release on November 3, 2026.
Ferrari (ISIN NL0011585146) was trading at EUR 350.88 at Lang & Schwarz on October 12, 2026 at 10:05 a.m. CEST, plus 0.99 percent versus the Xetra close of EUR 347.45 on October 9, 2026. UBS had cut its Ferrari price target from USD 490 to USD 450 on October 5, 2026 while retaining a Buy rating, according to Investing.com.
UBS weighs valuation against demand
The UBS decision puts valuation alongside Ferrari's operating performance. The company delivered EUR 1.94 billion of revenue in the second quarter of 2026, an 8.00 percent year-over-year increase, while operating profit reached EUR 605.06 million and the operating margin was 31.00 percent.
The analyst note cited a premium valuation and concerns around the Purosangue's effect on brand equity and future order intake. It also pointed to dealer checks showing stronger customer inquiries and solid resale values, creating a clear tension between Ferrari's demand profile and the price investors pay for that growth.
Three dates frame Ferrari's story
On July 30, 2026, Ferrari reported second-quarter revenue of EUR 1.94 billion and EBITDA of EUR 755.00 million in its earnings call, according to Yahoo Finance; on October 5, UBS reduced its target from USD 490 to USD 450; on October 7, Ferrari Chairman John Elkann discussed the five-year development path behind the Luce electric model with Reuters.
What does Luce change?
Ferrari's first fully electric model adds a strategic test to the company's scarcity model. The Q2 earnings call said initial Luce orders were coming from both repeat clients and new customers, while the wider order book covered the entire 2027 production year.
That combination matters because Ferrari is changing propulsion technology without abandoning exclusivity. The call also said personalization exceeded 20.00 percent of cars and spare-parts revenue, a mix factor that supported the second-quarter margin and the higher full-year outlook.
Next results have a firm date
Ferrari's next scheduled report is the third-quarter 2026 release on November 3, 2026, a date listed by comdirect. That calendar point gives investors a defined test for model changeovers, personalization demand and the contribution from newly launched vehicles.
Ferrari stock stays above the Xetra close
Ferrari had a market capitalization of USD 68.6 billion as of October 9, 2026, while its 52-week range was USD 312.51 to USD 437.15. At EUR 350.88, the Lang & Schwarz price stood EUR 3.43, or 0.99 percent, above the Xetra close of EUR 347.45.
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 12, 2026, 10:05 a.m. CEST): EUR 350.88
- Change versus Xetra close: plus 0.99 percent
- Xetra close (October 9, 2026): EUR 347.45
- Market capitalization: USD 68.6 billion (as of October 9, 2026)
- 52-week range: USD 312.51-437.15 (as of October 9, 2026)
- Sector / Industry: Consumer Cyclical / Auto - Manufacturers
- Index membership: FTSE MIB
- Next earnings date: November 3, 2026
Market context: Market report S&P 500.
