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RBC Capital Reaffirms Their Buy Rating on Ferrari (RACE)

Tipranks - Tipranks - Wed Apr 22, 4:58PM CDT

RBC Capital analyst Tom Narayan maintained a Buy rating on Ferrari today and set a price target of €430.00.

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Narayan covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Mercedes-Benz Group, and Dauch Corporation. According to TipRanks, Narayan has an average return of 7.6% and a 49.16% success rate on recommended stocks.

Currently, the analyst consensus on Ferrari is a Strong Buy with an average price target of €393.06.

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RACE market cap is currently €71.58B and has a P/E ratio of 35.48.

Based on the recent corporate insider activity of 10 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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