Ferrari stock gains as RBC keeps a EUR 430 target

Published on 09/22/2026 at 12:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ferrari stock closed at USD 406.69 on September 21, 2026, up from USD 400.00. RBC kept its EUR 430 target, while Q2 revenue reached USD 2.22 billion.

Aquarell-Illustration: Roter Sportwagen auf kurvenreicher Straße, italienische Hügellandschaft, Ferrari N.V — Ferrari N.V. NL0011585146: Aquarell eines roten Sportwagens auf gewundener Straße durch toskanische Hügel, Illustration mit AI erstellt.

Ferrari N.V. (NL0011585146) closed at USD 406.69 on the NYSE on September 21, 2026, up from a prior close of USD 400.00. The latest market data put the stock inside a 52-week range of USD 312.51 to USD 504.49, while the company carried a market capitalization of USD 73.076 billion.

RBC keeps EUR 430 target

According to finanzen.ch on September 22, 2026, RBC Capital Markets maintained an Outperform rating and a EUR 430 price target. The target stands above the EUR 361.75 reference price cited in the analyst update, a difference of 18.87 percent.

A separate Zonebourse market page dated September 22, 2026 lists an average target of EUR 388.39 and identifies November 3, 2026 as the publication date for third-quarter 2026 results.

Quarterly numbers support premium

Ferrari reported second-quarter 2026 adjusted earnings of USD 2.99 per share on revenue of USD 2.22 billion, according to Investing.com on September 21, 2026. The figures exceeded the cited forecasts of USD 2.85 in adjusted earnings per share and USD 2.15 billion in revenue, creating a quantified revenue beat of USD 70 million.

The same report cited adjusted EBIT of EUR 605 million, which was 6 percent above Visible Alpha consensus, and said Ferrari raised its full-year outlook after the second-quarter performance. That combination matters because the valuation depends on sustaining profitability while production remains deliberately limited.

Buyback adds a capital return signal

Ferrari purchased 53,717 ordinary shares on EXM and the NYSE between September 14 and September 18, 2026, for a total consideration of EUR 19.064 million at an average price of EUR 354.9049 per share, according to Teleborsa. The repurchases connect the current share price with a broader shareholder-return program rather than relying only on earnings growth.

NYSE price remains below yearly high

At USD 406.69 on September 21, 2026, Ferrari stock stood USD 97.80 below its 52-week high of USD 504.49 and USD 94.18 above its 52-week low of USD 312.51. The NYSE quote therefore provides a dated market reference, while the next reported checkpoint is scheduled for November 3, 2026.