RACE stock forecast, quote, news & analysis

Key Takeaways

• Ferrari (RACE) shares traded near $403, up roughly 3.7% from the closing level of about $388 recorded a month earlier.
• Over the full quarter, the stock has been essentially flat, peaking near $436 in late August before dipping to the low $380s in early October.
• A multi-year order book extending toward the end of 2027 continues to provide demand visibility.
• The Luce, Ferrari's first all-electric model, is a key catalyst, with deliveries expected to begin in late 2026.
• Third-quarter 2026 results are scheduled for November 3, 2026, making delivery and guidance commentary a near-term focus.
• An active buyback program continues to support the shares, with a €250 million third tranche announced on September 1, 2026.
• Explore additional pages for this ticker's Price Targets, Earnings, and Forecast to dig deeper into valuation and outlook data.
• For automated trading ideas across the market, explore Trending AI Robots.

Current Market Snapshot

Ferrari shares were changing hands near $403 in early November, up about 3.7% from the roughly $388 closing level of a month earlier. The move reflects a modest rebound rather than a sharp directional shift: across the broader three-month period the stock has been largely rangebound, climbing to a local peak near $436 in late August, retreating to the low $380s in early October, and then recovering from there. The shares remain well below the all-time closing high of $517.65 set in July 2025, and they continue to trade at a premium to the broader automotive sector, a reflection of Ferrari's luxury positioning and pricing power rather than its production volumes.

Ferrari (RACE) Business Overview and Competitive Position

Ferrari N.V. designs, manufactures, and sells luxury sports cars from its headquarters in Maranello, Italy, and is listed on both the New York Stock Exchange and Euronext Milan under the ticker RACE. The company's business model is built on controlled scarcity: production is deliberately limited so that demand consistently exceeds supply, protecting pricing power and vehicle residual values. Revenue comes primarily from car sales, but also from personalization, engines, spare parts, sponsorship, brand licensing, and lifestyle products.

Ferrari's growth strategy leans on a richer product mix and elevated personalization, which management has indicated remains around 20% of cars and spare-parts revenue, rather than on aggressive volume increases. Recent and upcoming models include the sold-out F80 supercar, the 12Cilindri, the Purosangue, and the Luce, the company's first fully electric vehicle. In fiscal 2025, Ferrari posted record revenue above €7.1 billion and an EBIT margin of 29.5%, underscoring the strength of its premium model.

Recent Developments Driving RACE

Several verified developments have shaped Ferrari's shares over the past month. The company announced that third-quarter 2026 financial results will be released on November 3, 2026, placing delivery figures and full-year guidance confirmation at the center of investor attention. Ferrari has also continued to execute a multi-year buyback program, with a €250 million third tranche announced on September 1, 2026, as part of a broader plan of approximately €3.5 billion expected to run through 2030.

The Luce, Ferrari's first all-electric model, remains a focal point. Revealed in May 2026 and priced around €550,000, the vehicle is positioned above the Purosangue and is expected to begin customer deliveries in the fourth quarter of 2026. Its reception will test Ferrari's pricing and brand strength in the high-end EV segment. Earlier in 2026, first-quarter results beat consensus estimates, with revenue of €1.85 billion and adjusted diluted EPS of €2.33, while the company reaffirmed its 2026 guidance of approximately €7.5 billion in net revenue and at least €9.45 in adjusted diluted EPS.

Headwinds include a U.S. import tariff on European vehicles and a net foreign-exchange drag of roughly €200 million flagged for 2026, along with higher SG&A and Formula 1-related costs. The ramp of the F80 supercar, with all 799 planned units sold, is expected to support revenue and margin through the year.

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2026 Outlook and What Investors Should Watch

Looking ahead, the most important factor for Ferrari is the reception and ramp of the Luce, with deliveries expected to begin in late 2026. Investor attention will also center on the November 3 third-quarter report, where commentary on deliveries, personalization trends, and confirmation of 2026 guidance will matter more than the headline numbers alone. The order book, which extends toward the end of 2027, provides a degree of demand visibility, while continued buyback execution offers ongoing support to the shares.

On the risk side, the roughly €200 million foreign-exchange headwind and U.S. tariffs on European vehicles could pressure margins, alongside elevated SG&A and Formula 1 spending. Product-mix timing and the pace of model changeovers may also create quarterly delivery volatility. These factors, rather than near-term price swings, are likely to define how investors evaluate Ferrari's premium valuation through the remainder of 2026.

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