A recent correction has opened up an attractive entry point for Ferrari lovers, according to Barclays. Analyst Henning Cosman upgraded shares of the luxury car manufacturer to overweight from equal weight. U.S.-listed shares of Ferrari are flat for the year, but they have tumbled more than 8% this month. They tumbled around 16% from a February peak after shareholder Exor had announced it would sell up to 4% of Ferrari stock. “We had downgraded RACE to EW post FY24 results following strong performance — but now we see good entry point again,” Cosman wrote. RACE-IT 1Y mountain RACE-IT 1Y chart A major catalyst also comes from Ferrari confirming its guidance in the face of President Donald Trump’s Wednesday announcement that he would slap a 25% tariff on “all cars that are not made in the United States.” This guidance confirmation serves to reaffirm Ferrari’s strong pricing power and low margin sensitivity, especially illustrating its strong relative resilience versus other European competitors. “Yesterday’s guidance confirmation underscores unique (relative) safe-haven status and is a strong sign of confidence amid great uncertainty in EU Autos,” the analyst added. “Namely, RACE said that based on current information [of 25% additional tariffs on US imports of foreign-made cars], it will partially reflect the new import conditions through pricing, up to a maximum 10% increase, except for models imported before April 2, 2025 and for orders of the 296, SF90 and Roma, regardless the import date.” Meanwhile, Ferrari has already confirmed six model launches for 2025, which could serve as further catalysts for the stock. Ferrari shares ticked more than 1% higher in the premarket following the upgrade. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today’s dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles, and Dan Ives, with a special edition of Pro Talks with Tom Lee. You’ll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
