Ferrari (RACE) Stock Soars 3.61% on Q1 Earnings

Ferrari (RACE) shares rose 0.55% today, marking the fourth consecutive day of gains, with a total increase of 3.61% over the past four days. The share price reached its highest level since February 2025, with an intraday gain of 0.90%.

The strategy of buying RACE shares after they reached a recent high and holding for one week yielded strong results over the past five years. The strategy achieved an overall return of 72.08%, surpassing the benchmark return of 41.68% by 30.40%. Although the strategy had a maximum drawdown of -10.03% and a Sharpe ratio of 1.09, it maintained a relatively low volatility of 24.03%, indicating a reasonable risk-adjusted return.

Ferrari's strong financial performance in the first quarter of 2025 has been a significant driver of its stock price. The company reported total revenues of approximately EUR 1.8 billion, reflecting a focus on quality and premium offerings. This robust financial performance has contributed to a generally positive sentiment among investors.

Analysts have also shown optimism towards Ferrari's stock. RBC Capital maintained a Buy rating with a price target of €500.00, while UBS raised its price target from $520.00 to $560.00, indicating strong expectations for future growth. Jefferies, however, maintained a Hold rating with a price target of €420.00, suggesting a more cautious outlook. These varied ratings reflect the mixed but generally positive sentiment towards Ferrari's stock.

Additionally, Ferrari was upgraded to a Zacks Rank #2 (Buy), further bolstering investor confidence in the company's future performance. This upgrade, along with the strong financial results and favorable analyst evaluations, has contributed to the recent upward trend in Ferrari's stock price.