Ferrari stock gains as Morgan Stanley lifts price target and buyback advances

Published on 09/10/2026 at 23:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ferrari stock trades near USD 408 on September 10, 2026, after Morgan Stanley raised its price target to USD 460 with about 15 percent upside. The company is also progressing a EUR 250 million buyback tranche and reported solid Q2 2026 earnings.

Aquarell-Illustration: Roter Sportwagen auf kurvenreicher Straße, italienische Hügellandschaft, Ferrari N.V — Ferrari N.V. NL0011585146: Aquarell eines roten Sportwagens auf gewundener Straße durch toskanische Hügel, Illustration mit AI erstellt.

Ferrari N.V. stock (ISIN NL0011585146) is trading around USD 408 on the New York Stock Exchange on September 10, 2026, supported by strong second-quarter 2026 results and a fresh analyst price target upgrade that points to further upside for investors.

Analyst upgrade strengthens Ferrari stock story

On September 10, 2026, Morgan Stanley analyst Edouard Aubin raised his price target for Ferrari stock by 4 percent to USD 460 while maintaining an Overweight rating, implying about 15 percent upside from the prior closing price according to Yahoo Finance on September 10, 2026.

The same Morgan Stanley call emphasizing Ferrari's relational brand value and community of loyal customers was also highlighted by GuruFocus on September 10, 2026, which noted that at a share price of USD 408.62 Ferrari traded about 20.5 percent below its proprietary GF Value estimate of USD 514.30.

From a valuation perspective, GuruFocus also reported that Ferrari's trailing price-earnings ratio stood at 38.08 times, below its five-year median of 45.92 times based on data as of September 10, 2026, suggesting some relative valuation support despite the stock's strong run in recent years.

Buyback and Q2 2026 figures underpin fundamentals

Beyond the analyst call, Ferrari is continuing to return capital through share repurchases: the company acquired 35,641 common shares between August and early September 2026 as part of a EUR 250 million third-tranche buyback program, investing EUR 12,678,039.07 according to Kalkine Media on September 9, 2026.

The buyback forms part of Ferrari's broader capital allocation strategy, which includes a larger multi-year authorization previously communicated via its investor relations communications; the ongoing purchases reduce the share count and can support earnings per share over time when combined with operating growth.

On the operating side, Ferrari reported second-quarter 2026 earnings per share of USD 2.99, beating the consensus estimate of USD 2.83 for the period according to Pluang in its September 10, 2026 overview.

The same overview from Pluang indicated that Ferrari's Q2 2026 earnings beat of USD 0.16 per share versus expectations underscored resilient demand for the brand's high-margin sports cars and related offerings, even as broader luxury and consumer stocks showed mixed performance in European indices.

MarketBeat data also points to robust institutional interest: Junto Capital Management LP disclosed a new stake of 68,903 Ferrari shares valued at approximately USD 25,652,000 based on second-quarter 2026 holdings, as reported by MarketBeat on September 10, 2026.

Share price, volume and market metrics

Ferrari stock is quoted on the New York Stock Exchange under the ticker RACE; recent price snapshots show the shares trading around USD 405.94 to USD 408.62 on September 10, 2026, with an intraday decline of about 0.98 percent in one data point from Pluang and a modest retreat compared with earlier in the week.

In European trading, Ferrari's Milan-listed shares were quoted at EUR 352.30 on the Borsa Italiana in real time, up 1.82 percent over the last five days but down 1.54 percent year-to-date, based on a snapshot at 15:05 on September 10, 2026 from MarketScreener.

A related real-time view from Zonebourse on September 10, 2026 indicated a last Milan close of EUR 346.00, an average analyst target of EUR 388.39, a five-day performance of plus 1.79 percent and a year-to-date gain of about 10.54 percent for the Milan listing, putting the current price roughly 10.9 percent below the average target.

For investors focusing on United States trading, Ferrari's market capitalization recently stood near the mid-USD 90 billion range around September 9, 2026, based on a price of USD 405.54 and a reported market value of USD 94.88 billion from a prior snapshot summarizing the stock's metrics on September 9, 2026.

Risks and what to watch next

While the Morgan Stanley upgrade and GF Value assessment point to further upside, the firm did highlight that Ferrari's valuation still embeds high expectations for sustained demand and pricing power, meaning any slowdown in order intake or margin pressure could weigh on the stock despite its current moderate discount to intrinsic value metrics as discussed by GuruFocus.

Sector reports on September 10, 2026 also noted that broader luxury and consumer stocks showed mixed performance, with Ferrari up about 1.9 percent in the MIB 40 index at EUR 352.83 according to VermoegensZentrum, underscoring that the stock can move differently from peers depending on company-specific news.

Looking ahead, investors will monitor Ferrari's next quarterly results and any updates to its multi-year guidance or buyback program on the investor relations calendar, as well as any new product launches or strategic announcements that could influence demand and margins.

Ferrari stock price and investor takeaway

As of September 10, 2026, Ferrari stock on the New York Stock Exchange is trading around USD 408, with recent intraday data showing a move of roughly minus 1 percent on the day and valuation metrics suggesting about 15 percent upside to the new Morgan Stanley target of USD 460 and around 20.5 percent upside to the GF Value estimate of USD 514.30.