Ferrari Upgraded to Buy Rating by Deutsche Bank Ahead of Ambitious Mid-Term Targets

Tuesday, Sep 2, 2025 6:54 am ET1min read

Ferrari has gained after Deutsche Bank upgraded the company to a Buy rating. The automaker is set to unveil ambitious mid-term targets, including adjusted EBIT margins potentially exceeding 30% and a €3 billion share buyback program, at its upcoming Capital Markets Day in October.

Ferrari N.V. (NYSE: RACE) saw its shares rise after Deutsche Bank upgraded the company to a "Buy" rating, citing upcoming mid-term targets and a significant catalyst in the form of the new F80 supercar. The brokerage expects the F80 model to generate over €450 million in incremental earnings, a figure that is not yet fully reflected in consensus estimates [1].

Deutsche Bank anticipates that investor focus will shift to 2026 and the full impact of the F80 supercar. The brokerage expects the company's October Capital Markets Day to reveal mid-term targets, including adjusted EBIT margins potentially exceeding 30% and a €3 billion share buyback program [1].

As a result of the upgrade, Ferrari shares rose by 2.3% to €420.9 as of 0732 GMT, following a rise of as much as 2.5% [1]. Out of 16 analysts, 11 rate the stock as a "strong buy" or "buy," while three analysts maintain a "hold" rating, and two analysts recommend a "strong sell" or "sell" [1].

Deutsche Bank raised its price target by 20.9% to €520, rolling its valuation to 2026 on expectations of positive news flow and consensus earnings upgrades of around 5% for 2026 [1]. The upgrade follows a period of strong performance for Ferrari, with shares up 2.06% year-to-date [1].

The upgrade reflects a positive outlook on Ferrari's future performance and potential for growth, particularly driven by the upcoming F80 supercar. Investors will be closely watching the October Capital Markets Day for more details on the company's mid-term targets and growth strategies.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3UP091:0-deutsche-bank-raises-ferrari-to-buy-says-f80-supercar-for-the-win/
[2] https://seekingalpha.com/news/4490989-ferrari-gains-after-attracting-a-bull-rating-from-deutsche-bank

Ferrari Upgraded to Buy Rating by Deutsche Bank Ahead of Ambitious Mid-Term Targets

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