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Why Ferrari Stock Was Racing Higher Today

TheMotleyFool 
0 0 04.02.25
Why Ferrari Stock Was Racing Higher TodayPhoto, wide shot, wide-angle lens, soft focus, Car manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-iZxNvwmEDAT2zuvMswp8MrIk.png?st=2023-05-08T05%3A56%3A42Z&se=2023-05-08T07%3A56%3A42Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-08T03%3A27%3A06Z&ske=2023-05-09T03%3A27%3A06Z&sks=b&skv=2021-08-06&sig=hpaom2wRNOR4VGolGAMc0MX1MdH9zOmjK0MSBHrfkTo%3D
 

Shares of Ferrari (NYSE: RACE) were surging today after the luxury carmaker posted a strong fourth-quarter earnings report, with sales up an impressive 14%.

As a result, the stock had gained 7.7% as of noon ET.

Image source: Ferrari.

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Source Fool.com

Ferrari NV Stock

€348.70
2.180%
Ferrari NV gained 2.180% today.
The stock is one of the favorites of our community with 26 Buy predictions and 1 Sell predictions.
As a result the target price of 417 € shows a slightly positive potential of 19.59% compared to the current price of 348.7 € for Ferrari NV.
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