Ferrari(US:RACE) 智通财经网·2025-10-09 14:41Core Viewpoint - Ferrari's stock dropped over 12% to $419.16 following disappointing 2030 performance guidance and a reduction in electric vehicle transition targets [1] Financial Performance - Ferrari raised its 2025 net revenue forecast from "over €7 billion" to "at least €7.1 billion" and set a 2030 net revenue target of approximately €9 billion [1] - Analysts consider the long-term guidance to be overly conservative, with expectations for 2030 adjusted EBITDA margin at over 40%, below the analyst average of 42% [1] Analyst Insights - Citigroup analysts noted that Ferrari's guidance is below their "low growth scenario" estimates, reflecting a conservative management outlook [1] - The analysts indicated that the conservative guidance suggests limited operational leverage in future cycles, posing risks to consensus earnings per share and valuation multiples [1] Electric Vehicle Strategy - Ferrari adjusted its electric vehicle strategy, lowering the target for electric vehicle sales to 20% by 2030 from a previous target of 40% [1]