Berenberg Boosts Ferrari Price Target, Estimates After Q3 Earnings

12:01 PM EST, 11/09/2026 (MT Newswires) -- Berenberg increased its price target and estimates for Ferrari (RACE.MI) following the Italian luxury carmaker's third-quarter results and the research firm's recent fireside chat with investor relations. "The changes are driven by stronger personalisation and slightly higher volumes rather than a material change in our pricing view, and we see upside from favourable FX tailwinds. We are now c3% above consensus on 2027/28E EBIT. Rolling forward our 35x multiple (unchanged) to 2028E lifts our price target to EUR427 (from EUR384)," the research firm said in a Monday note, leaving the stock's buy rating unchanged. As such, Berenberg bumped up its 2026 and 2027 sales forecasts by 0.7% and 0.8%, respectively, while EPS assumptions were lifted by 1.5% and 2.3%. EBIT projections for both years were also increased. For 2028, sales and EPS estimates were reduced.