RBC Capital Maintains a Buy Rating on Ferrari N.V. (RACE) With a PT of 475

Ferrari N.V. (NYSE:RACE) is one of the best automotive stocks to buy according to hedge funds. On September 1, RBC Capital analyst Tom Narayan maintained a Buy rating on Ferrari N.V. (NYSE:RACE) and set a price target of €475.00.

Ferrari N.V. (NYSE:RACE) reported net revenues of Euro 1,787 million in its fiscal Q2 2025 results, up 4.4% versus the prior year, with total shipments of 3,494 units.

Operating profit for the quarter rose 8.1% to Euro 552 million, with an operating profit margin of 30.9%.

Ferrari N.V. (NYSE:RACE) also reported an EBITDA of Euro 709 million, up 5.9% compared to the prior year, with an EBITDA margin of 39.7%.

Management stated that there was no significant effect of the introduction of new import tariffs on EU cars into the US in the quarter.

Ferrari NV (NYSE:RACE), more commonly known as Ferrari, is an Italy-based manufacturer, designer, and retailer of luxury sports cars. It also produces one-off and limited-series cars and operates under the Ferrari brand.

The company has a wide range of cars and operates actively in more than 60 markets across the globe through a network of authorized dealers.

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Disclosure: None. This article is originally published at Insider Monkey.