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Ferrari (RACE) Receives a Buy from Barclays

Tipranks - Tipranks - Fri May 29, 1:32AM CDT

Barclays analyst Henning Cosman maintained a Buy rating on Ferrari today and set a price target of €355.00.

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According to TipRanks, Cosman is an analyst with an average return of -5.2% and a 41.01% success rate. Cosman covers the Consumer Cyclical sector, focusing on stocks such as Ferrari, Bayerische Motoren Werke Aktiengesellschaft, and Stellantis.

In addition to Barclays, Ferrari also received a Buy from Goldman Sachs’s Richard Felton in a report issued today. However, on May 12, Morgan Stanley maintained a Hold rating on Ferrari (NYSE: RACE).

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RACE market cap is currently €67.16B and has a P/E ratio of 30.97.

Based on the recent corporate insider activity of 35 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.

Read More on RACE:

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