RBC Cuts Ferrari Price Target Amid Lower Earnings Expectations

01:43 AM EST, 12/16/2025 (MT Newswires) -- Ferrari's (RACE.MI) price target was reduced to 435 euros from 460 euros as RBC Capital Markets lowered its full-year 2025 and 2026 earnings forecasts for the Italian luxury sports car manufacturer. "We lower our near term estimates and PT given lower volume expectations, mix effects, and a weaker USD. That said, we continue to forecast an 8% EBIT [compound annual growth rate], above Ferrari's 6% floor given at its October [capital markets day]. The current pullback puts RACE at a similar multiple to where luxury retail names have traded. Given its much lower aspirational demo, we think a premium is warranted," the research firm wrote in a Monday note. Analysts revised their revenue, EBITDA, and adjusted EPS projections, alongside expected volumes for 2025 and 2026. RBC projects the mix to be a "net positive" in 2026, based on expectations that F80 volumes will outweigh Daytonas' sunsetting in 2025. The stock's outperform rating was maintained.