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Investing.com - Jefferies has reiterated its Hold rating and EUR420.00 price target on Ferrari NV (BIT:RACE) (NYSE:RACE) as the luxury automaker updates its financial outlook through 2030. According to InvestingPro data, Ferrari maintains a perfect Piotroski Score of 9, indicating exceptional financial strength, with current revenue of $8.2 billion and a robust gross profit margin of 51.2%.
Ferrari has upgraded its FY25 guidance, now expecting revenues of at least EUR7.1 billion with an EBIT margin of at least 29.0%, resulting in EBIT of at least EUR2.06 billion and earnings per share of at least EUR8.80.
For 2030, Ferrari projects revenues of approximately EUR9 billion with an EBIT margin of at least 30%, significantly below consensus estimates of EUR10.165 billion in revenue and a 32.4% EBIT margin.
The company has revised its 2030 propulsion targets, increasing internal combustion engine vehicles from 20% to 40% of its lineup while reducing electric vehicles from 40% to 20%, with its first electric model scheduled for full launch in Spring 2026.
Ferrari plans to maintain its dividend payout at 40% from 2025, with approximately EUR3.5 billion in shareholder returns from 2027-2031 and share repurchases of at least EUR3.5 billion from 2026-2030, supporting earnings per share of at least EUR11.50 by 2030.
In other recent news, Ferrari has announced an upgrade to its financial guidance for 2025, surpassing its previously set targets for 2026. The luxury automaker now anticipates net revenues of at least €7.1 billion and has raised its adjusted EBITDA forecast to a minimum of €2.72 billion with a margin of at least 38.3%. Additionally, Ferrari has set ambitious targets for 2030, including plans to increase its dividend payout ratio. The company aims for adjusted EBITDA of at least €3.6 billion by that year. In terms of stock ratings, HSBC has upgraded Ferrari from Hold to Buy, citing a strong growth outlook through 2030 and increased personalization opportunities. Berenberg has also initiated coverage with a Buy rating, highlighting Ferrari’s strong brand power and potential for price/mix-driven earnings growth. Deutsche Bank upgraded Ferrari to Buy as well, ahead of its Capital Markets Day, expecting ambitious mid-term targets and a significant share buyback plan. These developments come as Ferrari prepares to outline its strategy for the coming years.
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