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法拉利(RACE.US)在汽车股中一骑绝尘,伯恩斯坦大幅上调目标价

Ferrari (RACE.US) stands out in the auto stocks, with Bernstein significantly raising the target price.

Zhitong Finance ·  Sep 3 21:16  · Ratings

Bernstein raised Ferrari's target price from $488 to $599, implying the stock will have over 20% upside.

According to the Zhixun Finance APP, despite the strong rebound of Ferrari (RACE.US) since the beginning of the year, Bernstein has upgraded its rating to "shareholding," while raising the target price from $488 to $599, indicating that the stock will have over 20% upside. So far this year, Ferrari's stock price has risen by 47.73%, making it the highest return among the 38 publicly listed auto stocks in the United States.

Analyst Stephen Reitman emphasized that since almost every Ferrari produced has been sold, the pace of shipments, revenue, and profit confirmation for each quarter is entirely determined by this Italy-based company. Only the final level of customization for each car may have slight variations, as customers can modify their orders very close to the actual manufacturing date.

Last week, Morgan Stanley raised Ferrari's target price to $520. Analyst Adam Jonas believes that Ferrari's PE ratio is higher and that Ferrari has very low exposure in the Chinese market. Coupled with extremely high brand loyalty, it stands out among its luxury car peers.

On the Seeking Alpha website, analyst Nelson Alves rates Ferrari as "hold," believing that the pricing of this auto stock is flawless. Alves stated that there are some risks for Ferrari to enter the electric car field. He said, "Moreover, events like an economic recession are beyond the company's control, and even if customers' consumption habits are more or less insensitive to economic downturns, the fact is we should expect Ferrari's stock price to be affected in any case."

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