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Barclays Reaffirms Their Buy Rating on Ferrari (RACE)

Tipranks - Tipranks - Thu Apr 2, 12:50AM CDT

Barclays analyst Henning Cosman maintained a Buy rating on Ferrari today and set a price target of €360.00.

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Cosman covers the Consumer Cyclical sector, focusing on stocks such as Ferrari, Stellantis, and Volkswagen. According to TipRanks, Cosman has an average return of -7.0% and a 35.34% success rate on recommended stocks.

In addition to Barclays, Ferrari also received a Buy from RBC Capital’s Tom Narayan in a report issued yesterday. However, on March 26, TipRanks – xAI reiterated a Hold rating on Ferrari (NYSE: RACE).

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The company has a one-year high of €449.80 and a one-year low of €269.00. Currently, Ferrari has an average volume of 593.5K.

Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RACE in relation to earlier this year.

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