Jefferies upgrades Ferrari
Jefferies just bumped Ferrari to a 'Buy', citing growing confidence in the company's long‑term growth and product pipeline (proactiveinvestors.com). The upgrade lands as Ferrari steps up track activity and even sees its classic 308 GTS heading for auction at Barrett‑Jackson Palm Beach, underlining both product and collector demand (nationaltoday.com).
Jefferies analyst James Grzinic moved Ferrari from Hold to Buy and raised his price target to $400 from $348 in a research note dated March 31, 2026. (streetinsider.com (streetinsider.com) The Jefferies note projects high‑single‑digit revenue growth and roughly 9% annual earnings growth, and explicitly flagged easing resale‑value pressures as a factor supporting the upgrade. (gurufocus.com (gurufocus.com) Jefferies identified Ferrari’s next scheduled Q1 results on May 5, 2026 as a near‑term catalyst that could validate the firm’s revenue and margin assumptions. (ferrari.com (ferrari.com) On the trading day of the research note, Ferrari shares traded up approximately $10.14 to $337.34, according to intraday MarketBeat reporting. (marketbeat.com (marketbeat.com) Ferrari’s official Corse Clienti calendar lists a stepped‑up 2026 program with multiple Challenge North America dates (e.g., 12–15 March 2026) and XX Programme and F1 Clienti events slated through April and beyond. (ferrari.com (ferrari.com) A 1979 Ferrari 308 GTS with chassis 28251 — one of 15 cars used during Magnum P.I.’s first season — is consigned to Barrett‑Jackson Palm Beach (April 16–18, 2026) and is reported as being offered without reserve. (octane‑magazine.com (octane-magazine.com) (newsbreak.com (newsbreak.com) Analyst coverage remains mixed even after Jefferies’ move: MarketBeat’s aggregation shows a consensus skewing to “Moderate Buy” with an average analyst target near $476, illustrating a wide range of Street expectations behind the upgrade. (marketbeat.com (marketbeat.com)
