Why Ferrari Stock Hit the Brakes This Week
Shares of the luxury automaker (NYSE: RACE) spun out this week after management updated its full-year and 2030 guidance. While the company estimates 2025 revenue will be slightly higher than previously estimated, management's 2030 revenue outlook was below Wall Street's estimates.
As a result, Ferrari's stock fell 15% on Thursday -- its worst trading day ever and was down by 18.2% over the past week, before the market opened Friday morning.
Image source: Ferrari.
Source Fool.com
Ferrari NV Stock
€323.30
1.760%
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With a target price of 475 € there is a positive potential of 46.92% for Ferrari NV compared to the current price of 323.3 €.
