Ferrari Recovers from EV Unveiling Slump, But Stock Still Faces Challenges
Following a decline after unveiling its Luce electric vehicle (EV), Ferrari's stock recovered and is now up 14% compared to pre-EV levels. Analysts remain optimistic with Bank of America raising the price target to $458 and Wolfe Research initiating coverage with a buy rating at $436, though the stock has fallen 24% over the past year due to concerns around electrification and financial forecasts.
Topics: analyst ratings automotive industry EV strategy Ferrari price targets