Ferrari guidance disappoints as new EV game plan revealed

Ferrari (RACE), a crown jewel of the auto sector and darling of investors, has hit a roadblock. The Maranello, Italy-based luxury automaker unveiled its latest long-term plan at its capital markets day on Thursday, and investors were not impressed. Ferrari said 2025 net revenue would come in at or exceed 7.1 billion euros ($8.24 billion), up from its prior projection of more than 7 billion euros, but not high enough for investors in a stock that trades at 40 times forward earnings, per Yahoo Finance tabu ...