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Ferrari reported a 2% increase in total sales to 3,325 cars in the last quarter, despite declines in China, Hong Kong, and Taiwan. UBS raised its price target for the stock from $513 to $584, highlighting strong performance and a positive outlook, while Bernstein Research maintained a buy recommendation with a target of $575. The company anticipates a modest profit growth of 5% for the upcoming year, with an order backlog extending through 2026.
UBS and Bernstein Research have rated Ferrari as 'Buy' and 'Outperform' respectively, with target prices of $513 and $575. The luxury car manufacturer is set to release its fourth-quarter financial results on February 4, 2025, amid a stable share price and a market capitalization of approximately €80 billion. Despite slight fluctuations, Ferrari's shares have shown a robust annual performance, increasing over 31% last year.
BMW's earnings per share plummeted to €0.63 from €4.21 year-on-year, with revenue down 15.74% to €32.41 billion, reflecting ongoing challenges in the automotive sector. The company's stock has also seen a significant decline, trading at €67.26, well below its 52-week high of €115.35. Despite these setbacks, analysts maintain a positive outlook, with Bernstein Research rating BMW as "Outperform" and setting a target price of €86.
Stephen Reitman
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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