Ferrari stock gets buyback support as UBS trims its target

Published on 10/07/2026 at 13:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS cut its Ferrari target from USD 490 to USD 450 on October 5, 2026, while keeping Buy. Q2 revenue reached EUR 1.938 billion and diluted EPS was EUR 2.62.

Flatlay: Aktienzertifikat, ISIN NL0011585146-Karte, rotes Sportwagen-Modell und Fahrhandschuhe — Ferrari N.V. NL0011585146: Flatlay mit Aktienzertifikat, ISIN-Karte, rotem Sportwagen-Modell sowie Stoppuhr und Fahrhandschuhen, Illustration mit AI erstellt.

Ferrari stock (ISIN NL0011585146) closed at USD 386.50 on the NYSE on October 6, 2026, after the company continued its EUR 3.5 billion share buyback program. The latest capital-return update keeps repurchases at the center of the Ferrari investment case, while UBS has lowered its valuation target.

Buyback reaches another milestone

According to The Globe and Mail in an update published October 6, 2026, Ferrari repurchased 73,534 common shares for EUR 25.64 million between September 28 and October 2. Since the third tranche began on September 1, the company had invested EUR 74.74 million on Euronext Milan and the equivalent of EUR 27.46 million on the NYSE.

The broader program started on January 5, 2026, and had covered 1,989,307 shares by October 2. Ferrari held 1,878,927 treasury shares, equal to 1.06 percent of issued common shares, according to the same update from The Globe and Mail.

UBS lowers target on valuation

Investing.com reported on October 5, 2026, that UBS reduced its Ferrari price target from USD 490 to USD 450 while maintaining a Buy rating. The change reflects valuation concerns rather than a withdrawal of confidence in Ferrari's operating model.

UBS also cited dealer inquiries and resale values as demand supports, while identifying Ferrari's premium to luxury peers as a risk. At USD 386.50, the new target lies 16.4 percent above the closing price, giving the analyst action a clear valuation signal without changing the Buy stance.

Q2 figures keep growth visible

Ferrari's second-quarter 2026 net revenue reached EUR 1.938 billion, up 8 percent year over year, while EBIT rose to EUR 605 million and the EBIT margin was 31.2 percent. Moat Explorer reported diluted earnings per share of EUR 2.62 and industrial free cash flow of EUR 276 million for the quarter.

The comparison matters because Ferrari increased revenue while shipments declined in the first half. For investors, the combination places greater weight on pricing, model mix and capital returns than on unit growth alone.

Stock stays below its yearly high

Ferrari stock traded within a 52-week range of USD 312.51 to USD 490.54 on October 6, 2026. The closing price was USD 3.10, or 0.81 percent, above the previous close, with volume of 331,415 shares and a market capitalization of USD 67.8 billion.

Yahoo Finance lists November 3, 2026, as Ferrari's next earnings date. That report will provide the next scheduled test of demand, margins and the buyback narrative.