Where Will Ferrari Stock Be in 10 Years?
(NYSE: RACE), one of the world's most well-known luxury supercar makers, went public at $52 on Oct. 21, 2015. The stock now trades at about $474 -- so a $10,000 investment would have blossomed into more than $91,000 in just under nine years.
But can this hot auto stock head even higher over the next decade?
Most of Ferrari's vehicles cost $200,000 to $600,000, so it mainly serves extremely wealthy customers who are well insulated from the macroeconomic headwinds. Its brand appeal and pricing power give it plenty of room to raise its prices.
Source Fool.com
Ferrari NV Stock
€353.05
-0.680%
The stock is an absolute favorite of our community with 26 Buy predictions and no Sell predictions.
As a result the target price of 417 € shows a slightly positive potential of 18.11% compared to the current price of 353.05 € for Ferrari NV.
