Ferrari N.V. (NYSE:RACE) is one of the 8 Best Automotive Stocks to Buy According to Analysts. Ferrari continues to hold a consensus Strong Buy rating, with 81% of 27 analysts polled by CNN assigning Buy or higher ratings to the stock. The stock registered a median price target of $449.73, a 27.78% upside from its current price of $351.95.
On April 21, Bloomberg reported that Ferrari NV has settled on a preliminary price of about €550,000 or $647,000 for its first fully electric supercar, citing people familiar with the matter.
Earlier in February, the company unveiled the name and interior design of the Ferrari Luce, noting that it collaborated with San Francisco-based creative collective LoveFrom on the design. According to a Reuters report on February 10, Ferrari has received positive feedback from clients on the Luce model after the unveiling of its interior details.
The anticipated electric vehicle is set to be officially presented in May this year.
Ferrari N.V. (NYSE:RACE) produces some of the world’s most iconic and recognizable luxury sports cars, sold in over 60 markets worldwide. In lifestyle, the company designs and creates a selection of personal luxury goods, collectibles, and experiences.
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