Ferrari shares steady as investors await February financial results

Analysts hold mixed views on Ferrari — HSBC has downgraded the stock while UBS and Bernstein keep more positive stances — and investors are awaiting the company's 2025 results and guidance on February 10.

Ferrari's share decline has eased and trading appears more stable after a year of heavy losses. The article reports HSBC downgraded Ferrari from "buy" to "hold" and cut its target price, while UBS and Bernstein retained more positive ratings. Shares have fallen about 35% over the last year and were near €307 on January 15, according to Reuters data cited in the piece. Market attention is focused on the company's upcoming 2025 financial results and management guidance. Key points: - The article reports HSBC downgraded Ferrari to "hold" and reduced its target price to €345 from €415. - UBS maintained a "buy" rating and Bernstein carried an "outperform" rating, while other firms such as Jefferies are in the "hold" camp. - Ferrari shares have fallen roughly 35% over the past year and were around €307 on January 15, per the article's Reuters reference. - Investors are awaiting Ferrari's 2025 financial results and projections for 2026, scheduled for February 10. Summary: Analysts express differing views and management messaging has tempered some market expectations. Trading has stabilised but the stock's near-term direction will depend on the February 10 results and the guidance management provides. Undetermined at this time.