Goldman Sachs has updated its Ferrari Group model to reflect 1Q26 trading data and current FX rates, resulting in minimal changes to EBITDA estimates. The firm maintains its Buy rating and €13.0 price target.
Key Takeaways
- 1.Goldman Sachs updated the Ferrari Group model following the 1Q26 trading update and currency shifts.
- 2.FY26-30 EBITDA estimates remain largely stable, with a marginal average change of -0.3%.
- 3.The investment thesis, Buy rating, and €13.0 price target remain unchanged.
Table of Contents
- Disclosure Appendix
- GS Factor Profile
- M&A Rank
- Quantum
- Disclosures
- Company-specific regulatory disclosures
- Distribution of ratings/investment banking relationships
- Price target and rating history chart(s)
- Target price history table(s)
- Regulatory disclosures
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Authors
Patrick CreusetDan-Arthur CoseruNathan Arnaud
Securities
FERGR.AS
Themes
Earnings RevisionFX Impact
Regions
EuropeNetherlands