Is Ferrari Stock a Buy?
The automotive industry is typically not a place you'd look to find winning investment ideas. The industry is capital-intensive, cyclical, and produces low margins. That's not a recipe to make outsized long-term returns.
But there's one business in particular that has bucked this trend. I'm talking about (NYSE: RACE). In the past five years, shares of this luxury car company have soared 216%, crushing the S 500 in spectacular fashion.
With the auto stock slightly off its all-time high, is now the time to add Ferrari to your portfolio?
Source Fool.com
Ferrari NV Stock
€378.90
-0.030%
We see a rather positive sentiment for Ferrari NV with 15 Buy predictions and 1 Sell predictions.
As a result the target price of 411 € shows a slightly positive potential of 8.47% compared to the current price of 378.9 € for Ferrari NV.
