Ferrari N.V. (RACE)’s ASP Growth Expectations Fuel Analyst Optimism

Core Viewpoint - Ferrari N.V. (NYSE:RACE) is recognized as a leading luxury car brand, but its stock has faced challenges, including a 5.9% decline year-to-date and a significant 21% drop in October due to a disappointing €9 billion revenue target for 2030 [1] Group 1: Analyst Recommendations - As of November 28th, out of 14 analyst recommendations for Ferrari N.V., eight were rated as Buy, three as Strong Buy, and three as Hold, with an average share price target of $484.92 [2] Group 2: Growth Expectations - Goldman Sachs initiated coverage on Ferrari N.V. with a Buy rating and set a share price target of $454 (€391), citing expectations of average selling price growth of 14% in 2026 and 4% in 2027, driven by high-end models like the 296 Versione Speciale and F80 hypercar [3] Group 3: Pricing Power - During the third-quarter earnings call, CEO Benedetto Vigna expressed confidence in maintaining pricing power, attributing it to ongoing innovation and product enhancement, which aims to delight customers and justify price increases [4][5]