Ferrari stock trades at EUR 354.48 as Goldman raises target

Published on 09/30/2026 at 09:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ferrari stock carries a Goldman Sachs target of EUR 421.00, up from EUR 407.00 on September 29, 2026. Q2 revenue rose 11 percent at constant currency.

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Ferrari stock (ISIN NL0011585146) was trading at EUR 354.48 at Lang & Schwarz on September 30, 2026, at 9:23 a.m. CEST, down 0.01 percent from the prior close of EUR 354.53. The immediate catalyst is a higher Goldman Sachs valuation framework for the luxury automaker.

Goldman raises the target

According to Investing.com on September 29, 2026, Goldman Sachs lifted its Ferrari price target to EUR 421.00 from EUR 407.00 and maintained a Buy rating. The new target is 18.77 percent above the Lang & Schwarz price of EUR 354.48.

Goldman Sachs expects Ferrari to exceed third-quarter 2026 earnings expectations despite lower year-over-year volume assumptions. Its forecast puts third-quarter deliveries at 3,370 vehicles against consensus of 3,410, while estimated average selling price reaches EUR 456,000.

Q2 margins support the case

Ferrari's second-quarter operating picture provides the numerical basis for the target increase. The Q2 2026 earnings transcript published by Yahoo Finance states that revenue reached EUR 1.94 billion and grew 11 percent at constant currency, or 8 percent including currency effects. EBITDA was EUR 755 million and industrial free cash flow was EUR 275 million.

The same Q2 2026 transcript puts Ferrari's EBIT margin at 31.2 percent. Investing.com reported that adjusted EBIT of EUR 605 million came in 6 percent above Visible Alpha consensus, giving investors a clear comparison between profitability and expectations.

Buyback adds a capital return angle

Capital allocation is another concrete part of the current picture. A Ferrari filing published by StockTitan on September 28, 2026, said Ferrari bought 82,524 common shares between September 21 and September 25 for EUR 29,796,393.26. The purchases covered Euronext Milan and the New York Stock Exchange, and treasury shares represented 1.02 percent of issued common shares as of September 25, 2026.

Ferrari stock holds near EUR 354

Ferrari stock was trading at EUR 354.48 at Lang & Schwarz on September 30, 2026, at 9:23 a.m. CEST, versus the Lang & Schwarz prior close of EUR 354.53 on September 29, 2026. Ferrari's next earnings date is listed as November 3, 2026, by Yahoo Finance.