RBC Capital Markets analyst Tom Narayan raised Ferrari N.V.’s price target to $581.42 from $569.79, maintaining a Buy rating due to strong brand strength and demand resilience. The new target implies a 14.5% upside potential at the current price of $507.70, with Ferrari benefiting from limited supply and a shift towards electric models.

Ferrari has shown solid financial performance with strong earnings and disciplined cost management. Expansion plans, such as a new plant for electric vehicles, are seen as long-term growth drivers. Investors are watching upcoming quarterly results to see if Ferrari can maintain momentum and justify its premium valuation in an electrified future.

Read more at Yahoo Finance: RBC Raises Ferrari (RACE) Price Target, Maintains Buy Rating