Ferrari Guidance Should Mark Final Reset to Expectations -- Market Talk

Dow Jones12-16

0809 GMT - Ferrari's 2026 guidance should mark the final reset to expectations and clear the way for renewed share-price momentum, Berenberg says. The bank says volumes consensus for its F80 model were too high and are being revised down, while Berenberg remains comfortable with its 150-unit estimate in 2026. It further reduces its revenue estimates to reflect greater-than-expected currency headwinds and flat volumes in 2026, having previously expected 1.3% volume growth year-on-year. The bank expects Ferrari to guide to mid-single-digit revenue growth in 2026 and an EBIT margin at or above the 2025 level, while consensus still sits above it. Berenberg lowers its price target on the stock to 381 euros from 399 euros and retains its buy rating. Shares closed at 314 euros. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

December 16, 2025 03:09 ET (08:09 GMT)

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