This High-Flying Auto Company Isn't Even Making Full EVs and It's Still a Buy Now
The trend for the automotive industry is undeniable: Electric vehicles are the future, and manufacturers must adapt or die. That electrified future brings with it some serious challenges for mainstream automakers, but it means even more concerns for a those accustomed to luxury-like profit margins and exclusivity.
(NYSE: RACE) investors must watch developments closely over the next few years, which will include the advent of the racing legend's first fully electric supercar. This could also change the investing thesis on a stock that has been, arguably, one of the best options for auto investors.
In terms of investing, Ferrari is a unicorn in the automotive industry, which is often plagued with thin profit margins. One glance at the chart below, and you'll understand why savvy investors have been drawn to the stock.
Source Fool.com
Ferrari NV Stock
We see a rather positive sentiment for Ferrari NV with 14 Buy predictions and 1 Sell predictions.
As a result the target price of 412 € shows a slightly positive potential of 3.05% compared to the current price of 399.8 € for Ferrari NV.
