Evercore ISI Remains Bullish on Ferrari N.V. (RACE)

Ferrari N.V. (NYSE:RACE) is one of the best luxury stocks to buy now. On February 13, Evercore ISI reaffirmed a Buy rating on Ferrari N.V. (NYSE:RACE) and set a price target of $475. The rating update came after Ferrari N.V. (NYSE:RACE) announced its full-year 2025 results on February 10, reporting revenues up 7% to over Euro 7.1 billion, an EBIT margin up 120 basis points to 29.5%, and industrial free cash flow surpassing Euro 1.5 billion. Management attributed the positive trends to product mix, sponsorships, and personalizations, adding that the demand for Ferrari is “very strong”, managed with discipline in every market reflecting the company’s exclusivity model, with its order book extending towards the end of 2027.

In another development, Ferrari N.V. (NYSE:RACE) also unveiled the interior design and announced the name of its visionary new full-electric sports car: Ferrari Luce. According to management, the unveiling marks a new chapter in the company’s history, further stating that the third and final step of the Ferrari Luce reveal, the world première, will take place in Rome on May 25, 2026.

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.