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Ferrari's Stock Upgrade by HSBC to "Buy"
Financial Modeling Prepยท 2025-10-02 14:00
Core Viewpoint - Ferrari has received a stock rating upgrade from HSBC, indicating positive investor sentiment and potential for growth in the luxury automotive market [1][5]. Company Overview - Ferrari is a luxury sports car manufacturer listed on the NYSE under the symbol RACE, competing with brands like Lamborghini and Porsche [1]. - The company's market capitalization is approximately $87.37 billion, highlighting its significant presence in the luxury automotive industry [4][5]. Stock Performance - The stock price of Ferrari is currently $490.24, reflecting an increase of 1.03%, or $5.02, following the upgrade [2][5]. - The stock has shown a price movement of 0.91%, suggesting strong market performance [2][5]. - Ferrari's stock has fluctuated between a low of $481.75 and a high of $490.95 on the current trading day, with a yearly range of $391.54 to $519.10, indicating volatility and growth potential [3]. Investor Engagement - The trading volume for Ferrari's stock today is 375,078 shares, indicating active investor interest and engagement [4].