Analysts Stay Positive on Ferrari (RACE) Ahead of Q1 Results

Ferrari N.V. (NYSE:RACE) is one of the 10 Best Car Stocks to Buy in 2026. On March 30, JPMorgan analyst Jose Asumendi maintained an Overweight rating on Ferrari N.V. (NYSE:RACE) and gave a positive outlook for the company’s Q1 performance.

The analyst said the upcoming results and cash flow data are expected to support the company’s full-year guidance. JPMorgan forecasts low year-on-year revenue growth driven by price mix, which is expected to offset a modest volume decline in the quarter.

Analysts Stay Positive on Ferrari (RACE) Ahead of Q1 Results

The research firm also believes Ferrari N.V. (NYSE:RACE) will maintain the same EBIT and EBITDA levels year-on-year, supported by strict cost control and disciplined product changeover.

Earlier, on March 19, Evercore ISI reiterated its Outperform rating on Ferrari N.V. (NYSE:RACE) with a price target of $475 on the stock. The firm said the company will likely lower expectations for the first half of the year and offer clarity on how the Middle East conflict might affect 2026 results if it continues into the second half of the year.

Evercore ISI also noted that Ferrari N.V. (NYSE:RACE) usually builds enough cushion to surpass its initial revenue guidance by about 5%. The firm also pointed out that the company does not usually raise its guidance during its Q1 earnings call.

Ferrari N.V. (NYSE:RACE) is an Italian luxury sports car manufacturer that designs, produces, and sells high-performance supercars.

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