Why Ferrari Stock Looks Like a Buy
Let's face it: Unless they look more like tech companies than automakers, a lot of investors have a tough time with automotive stocks. Between crazy-high fixed costs, single-digit margins, mature, low-growth markets, and the threat of disruption lurking around every corner, it just seems easier to invest elsewhere.
That's especially true late in the economic cycle, where we (probably) are now, as automakers' margins tend to get clobbered as sales slow down.
So let's talk about the one automaker that might be an exception to those rules, just as it is to so many others: Ferrari (NYSE: RACE).
Source: Fool.com
Ferrari NV Stock
€395.10
2.580%
With 14 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 412 € there is a slightly positive potential of 4.28% for Ferrari NV compared to the current price of 395.1 €.
