Ferrari's Capital Markets Day Falls Flat, Analysts Disappointed with Lack of New Information.

Ferrari's Capital Markets Day was a disappointment, leading to a rating downgrade. The event failed to impress analysts and investors, who were expecting more. The company's presentation lacked clarity, and the lack of a clear strategy for its F8 Tributo and SF90 Stradale hybrids raised concerns. The stock price is expected to fall due to these concerns.

Ferrari's (NYSE: RACE) highly anticipated Capital Markets Day on September 12, 2025, failed to impress analysts and investors, leading to a significant selloff in the stock price. The event, which was expected to unveil a clear strategy for the company's future, left investors with more questions than answers.

The day began with a focus on Ferrari's heritage, ESG plans, and past achievements, but the company's future financial targets were notably underwhelming. Ferrari guided for revenues of €9 billion, EBITDA of €3.6 billion, EBIT of €2.75 billion, and EPS of €11.5 by 2030, reflecting a disappointing 5% CAGR for revenue and a 5.2% CAGR for EPS Ferrari: Capital Markets Day Was A Huge Disappointment (Rating Downgrade)^[1].

One of the most notable disappointments was Ferrari's EV ambitions. The company had previously stated that the Elettrica, its first fully electric model, would make up 40% of deliveries by 2030. However, this target was cut in half, with the Elettrica now expected to account for only 20% of deliveries by 2030 Ferrari Stock Skids as EV Ambitions Shift: Inside RACE’s High-Octane Gamble^[2].

Ferrari's cautious approach to volume growth and price increases has been a long-standing strategy, but the lack of a clear plan for models like the F8 Tributo and SF90 Stradale hybrids raised concerns among investors. The company's management emphasized the importance of preserving exclusivity and brand value, which has led to limited volume growth and flat ASPs.

The stock price reflected the market's disappointment, with shares plunging by 16% on the day of the event, marking the worst selloff since Ferrari's IPO Ferrari: Capital Markets Day Was A Huge Disappointment (Rating Downgrade)^[1]. The stock has since continued to decline, with a 15% drop over the past five trading days Ferrari Stock Skids as EV Ambitions Shift: Inside RACE’s High-Octane Gamble^[2].

Despite the selloff, Ferrari remains one of the most highly valued luxury automakers, with a market cap that rivals or exceeds many mass-market automakers. The company's valuation metrics, including a trailing P/E of 48x and a forward P/E of 39x, reflect high investor expectations Ferrari Stock Skids as EV Ambitions Shift: Inside RACE’s High-Octane Gamble^[2].

Ferrari's management has emphasized its long-term commitment to the company, with Chairman John Elkann reaffirming his long-term commitment to Ferrari Ferrari Stock Skids as EV Ambitions Shift: Inside RACE’s High-Octane Gamble^[2]. However, the lack of clear strategic direction and near-term catalysts has led some analysts to downgrade the stock to 'Hold'.

In conclusion, Ferrari's Capital Markets Day left investors with more questions than answers. The company's cautious approach to growth and EV ambitions has raised concerns among investors, leading to a significant selloff in the stock price. While Ferrari remains a highly valued luxury automaker, the lack of a clear strategy for the future has led some analysts to express caution.