Berenberg maintains a Buy rating on Ferrari N.V.

The article reports Berenberg cut its price objective for Ferrari to €381 while keeping a Buy rating, and notes BNPP upgraded the stock to Outperform earlier in December.

An article published on January 2, 2026 summarizes recent analyst activity and company guidance for Ferrari N.V. It highlights a Berenberg update and references an earlier BNPP action in December. The piece also reports Ferrari’s revisions to multi-year revenue and adjusted EBITDA targets. The article places these items alongside commentary about the brand and recent stock performance. Key details: - The article reports Berenberg reduced its price objective from €399 to €381 on December 16, 2025 while maintaining a Buy rating. - The article reports BNPP upgraded Ferrari from Neutral to Outperform on December 11, 2025 and set a price objective of $463, citing projected 2026 earnings growth. - The article states Ferrari raised its longer-term outlook and expects about €9 billion in net revenue by 2030, and raised its 2025 net revenue target to at least €7.1 billion. - The article reports Ferrari plans an adjusted EBITDA of at least €3.6 billion by 2030, attributed mainly to sports-car development and product mix. - The article notes the stock was reported as down 9.20% year-to-date as of December 26, 2025. - The article references Morningstar commentary that Ferrari maintains wide-moat brand strength through exclusivity, Italian design, and performance. Summary: The article compiles recent analyst revisions and the company's updated revenue and profitability targets to give context to market commentary about Ferrari. It also records the stock’s year-to-date decline and outside commentary on brand strength. Undetermined at this time.