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Investing.com - Barclays (LON:BARC) maintained its Overweight rating and EUR485.00 price target on Ferrari NV (BIT:RACE) (NYSE:RACE) Wednesday, citing strong margin forecasts despite upcoming challenges. Currently trading at $472.42, Ferrari shows mixed signals according to InvestingPro data, with analysts setting targets between $439.61 and $577.27.
The investment bank forecasts a Q2 2025 EBIT margin of 30.3%, matching Q1 levels and exceeding Ferrari’s guidance of ≥29%. This performance comes despite fewer Daytona deliveries in the quarter, with Barclays estimating 64 units compared to 77 in Q1, offset by higher 12 Cilindri and SF90XX deliveries. InvestingPro data shows Ferrari maintaining strong financial health with a 50.52% gross profit margin and robust cash flows that easily cover debt obligations.
Ferrari has not experienced significant tariff headwinds in Q2, according to Barclays, though the luxury automaker plans to offset future tariff costs through price increases. The bank notes this strategy will still result in some margin dilution, contributing to Ferrari’s expectation that H2 2025 EBIT margins will be lower than H1.
The Italian automaker’s order book is "fully covered" for 2026 with most models sold out, and the company is currently taking final orders for the Purosangue extending into 2027/28. This visibility provides Ferrari with what Barclays describes as a "luxury prerogative" that allows investors to look beyond quarterly results. The company’s strong market position is reflected in its 12.36% revenue growth and impressive 31.54% dividend growth over the last twelve months. For deeper insights into Ferrari’s financial health and valuation metrics, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
Barclays highlighted Ferrari’s upcoming Capital Markets Day on October 9 as a key event for investors to gain insight into the company’s 2026-2030 plans, while also noting several anticipated 2025 model launches including the Roma successor, SF90 successors, and a battery electric vehicle (BEV).
In other recent news, Ferrari has reported strong financial results for the first quarter of 2025, with a 30.3% operating margin and free cash flow surpassing expectations. Analysts from UBS have raised the price target for Ferrari to $560, maintaining a Buy rating, while Bernstein and RBC Capital Markets have both reiterated their Outperform ratings, setting price targets at $575 and $500, respectively. Ferrari’s robust order book, covering production through 2026 and beyond, demonstrates the company’s strong market position despite the challenges posed by U.S. tariffs.
The luxury automaker has confirmed its financial guidance for 2025, with expectations of at least €2.68 billion in EBITDA, a figure that analysts believe could reach closer to €2.8 billion. Ferrari’s strategy to mitigate the impact of U.S. tariffs includes a 10% price increase on certain models, while maintaining stable prices for others. The company has also announced plans to unveil its first fully electric vehicle, the Ferrari Elettrica, in stages starting in October 2025, with deliveries expected in October 2026.
RBC Capital Markets noted that Ferrari’s tariff policy could lead to a €40 million reduction in EBIT for 2025, yet analysts remain optimistic about the company’s future performance. Ferrari’s Investor Day in October is anticipated to provide further insights into its strategic plans. Overall, Ferrari’s resilience and strategic initiatives have been positively received by analysts, reflecting confidence in the company’s long-term growth prospects.
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