Ferrari N.V. (NYSE: RACE) is an iconic Italian luxury sports car manufacturer known for producing high-performance vehicles. With a rich racing heritage, Ferrari is synonymous with speed, exclusivity, and cutting-edge automotive engineering.
Key Takeaways:
- Ferrari’s stock price is expected to show consistent growth from 2024 to 2050.
- Factors such as technological advancements, market expansion, and brand strength will likely drive price increases.
- The compound annual growth rate (CAGR) is projected to remain strong throughout the forecast period.
- By 2050, Ferrari’s stock price is anticipated to reach approximately $5,400.
Overview of Ferrari N.V.
Ferrari, founded in 1939 by Enzo Ferrari, has evolved from a racing team to a global luxury sports car manufacturer. The company is known for its high-performance, iconic sports cars that have captured the hearts of automotive enthusiasts worldwide.
Ferrari’s product portfolio includes a range of exclusive models, such as the F12berlinetta, 488 GTB, 488 Spider, and the limited-edition LaFerrari hypercar.
Ferrari N.V. Company Profile
| Country | Italy |
| Ticker Symbol | RACE |
| Exchange | NYSE |
| Founded | 1947 |
| IPO Date | 2015 |
| Industry | Automobiles & Auto Parts |
| Sector | Consumer Cyclicals |
| Employees | 5,239 |
| CEO | Benedetto Vigna |
| Market Cap (September 3, 2024) | $89.22 billion |
| Website | ferrari |
Ferrari N.V. (RACE) Balance Sheet Analysis
As of December 31, 2023, Ferrari N.V. reported total assets of $8.05 billion, a slight increase from $7.77 billion in 2022. The company’s total liabilities decreased to $4.98 billion from $5.16 billion the previous year.
Ferrari’s total equity grew to $3.07 billion, up from $2.60 billion in 2022, indicating improved shareholder value. The company’s net tangible assets saw a significant increase to $0.86 billion, compared to $0.50 billion in 2022.
Total debt decreased to $2.48 billion from $2.81 billion, while net debt also reduced to $1.28 billion from $1.37 billion in 2022. Working capital remained stable at $2.87 billion.
These figures demonstrate Ferrari’s solid financial position, with growing equity and reduced debt levels, suggesting prudent financial management in 2023.
Balance Sheet Data Source: finance.yahoo
Ferrari N.V. Stock Price History
Ferrari N.V. (NYSE: RACE) Had its IPO in the year 2015. Ferrari N.V. reached its all-time high closing price of $436.99 on March 25, 2024.
As of August 30, 2024, the stock price stands at $496.79.
Ferrari Stock Price Forecast 2024
For the remainder of 2024, we anticipate Ferrari’s stock to continue its upward trend. The company’s strong brand loyalty, consistent performance, and expanding market presence are expected to drive growth. We project a potential growth of 2.76% by the end of 2024, with the average price reaching $435.50.
Ferrari’s focus on limited edition models and personalization options may boost revenue. The launch of new hybrid models could attract environmentally conscious luxury buyers, potentially driving stock value higher.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $310.00 | $435.50 | $541.00 |
Ferrari Stock Price Forecast 2025
In 2025, Ferrari is likely to benefit from increased electric vehicle (EV) adoption and technological advancements in its lineup. Our forecast suggests a growth of 8.50% in 2025, with the average price climbing to $472.50.
Ferrari’s entry into the SUV market with the Purosangue model may diversify its customer base. Expansion in emerging markets like China could open new growth avenues, potentially boosting investor confidence.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $445.00 | $472.50 | $600.00 |
Ferrari Stock Price Forecast 2026
2026 may see Ferrari capitalizing on emerging markets and strengthening its position in established ones. We expect a growth of 9.00% in 2026, pushing the average price to $515.00.
Advancements in Ferrari’s Formula 1 technology could trickle down to road cars, enhancing performance appeal. The company’s commitment to sustainability might attract ESG-focused investors, potentially driving stock price growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $485.00 | $515.00 | $745.00 |
Ferrari Stock Price Forecast 2027
By 2027, Ferrari’s investments in sustainable technologies and luxury experiences could further boost its stock value. Our analysis points to a growth of 9.22% in 2027, with the average price reaching $562.50.
Ferrari’s potential expansion into luxury lifestyle products beyond automobiles may diversify revenue streams. Continued focus on exclusive, limited-run models could maintain high profit margins, appealing to investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $530.00 | $562.50 | $895.00 |
Ferrari Stock Price Forecast 2028
In 2028, Ferrari’s expansion into new product categories and continued innovation in its core offerings may drive stock price appreciation. We project a growth of 9.33% in 2028, bringing the average price to $615.00.
Integration of advanced AI and autonomous driving features in Ferrari models could set new industry standards. The company’s potential collaborations with tech giants may open new avenues for growth and innovation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $580.00 | $615.00 | $950.00 |
Ferrari Stock Price Forecast 2029
2029 could see Ferrari benefiting from increased global wealth and a growing appetite for luxury goods. Our forecast indicates a growth of 9.35% in 2029, with the average price rising to $672.50.
Ferrari’s potential expansion into electric supercars may capture a new market segment. The company’s focus on sustainable manufacturing processes could enhance its appeal to environmentally conscious luxury consumers.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $635.00 | $672.50 | $1110.00 |
Ferrari Stock Price Forecast 2030
By 2030, Ferrari’s adaptation to changing market dynamics and consumer preferences may contribute to continued stock price growth. We anticipate a growth of 9.66% in 2030, pushing the average price to $737.50.
Ferrari’s potential ventures into virtual reality experiences and digital collectibles could open new revenue streams. The company’s continued excellence in motorsports may reinforce brand value and technological prowess. While Ferrari focuses on the luxury segment, investors may also be interested in the Honda stock forecast for a broader perspective on the automotive industry.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $695.00 | $737.50 | $1380.00 |
Ferrari Stock Price Forecast 2031
In 2031, Ferrari’s strong brand equity and potential expansion into new luxury segments could drive further stock appreciation. Our analysis suggests a growth of 9.83% in 2031, with the average price climbing to $810.00.
Ferrari’s possible advancements in lightweight materials and aerodynamics may set new performance benchmarks. The company’s expansion of its classic car restoration program could tap into the growing collector market.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $765.00 | $810.00 | $1455.00 |
Ferrari Stock Price Forecast 2032
2032 may see Ferrari leveraging advanced technologies to enhance both performance and sustainability, potentially boosting investor confidence. We expect a growth of 9.88% in 2032, bringing the average price to $890.00.
Ferrari’s potential integration of renewable energy solutions in its production facilities could appeal to eco-conscious investors. The company’s focus on personalized customer experiences may strengthen brand loyalty and repeat purchases.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $840.00 | $890.00 | $1540.00 |
Ferrari Stock Price Forecast 2033
By 2033, Ferrari’s continued focus on exclusivity and innovation could contribute to sustained stock price growth. Our forecast points to a growth of 10.11% in 2033, with the average price reaching $980.00.
Ferrari’s potential expansion into luxury electric boats or aircraft could diversify its product portfolio. The company’s advancements in battery technology may lead to increased range and performance in its electric models.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $925.00 | $980.00 | $1635.00 |
Ferrari Stock Price Forecast 2034
In 2034, Ferrari may benefit from increased global affluence and a growing collector market for luxury vehicles. We project a growth of 10.20% in 2034, pushing the average price to $1,080.00.
Ferrari’s potential use of advanced biofuels in its combustion engine models could appeal to traditional sports car enthusiasts. The company’s expansion of its motorsports program may strengthen its racing heritage and brand appeal.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $1,020.00 | $1,080.00 | $1740.00 |
Ferrari Stock Price Forecast 2035
2035 could see Ferrari’s stock price driven by advancements in autonomous driving technology and continued brand strength. Our analysis indicates a growth of 10.19% in 2035, with the average price climbing to $1,190.00.
Ferrari’s potential collaborations with space tourism companies could create unique, ultra-luxury experiences. The company’s investment in quantum computing for vehicle design may lead to unprecedented performance improvements. As Ferrari explores autonomous driving technology, it’s worth comparing with other major players like Toyota. Check out our Toyota stock price prediction for insights into another automotive giant’s future.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $1,125.00 | $1,190.00 | $1855.00 |
Ferrari Stock Price Forecast 2036
By 2036, Ferrari’s potential expansion into new markets and continued innovation in luxury experiences may contribute to stock price appreciation. We anticipate a growth of 10.50% in 2036, bringing the average price to $1,315.00.
Ferrari’s possible development of flying car prototypes could capture media attention and investor interest. The company’s advancements in sustainable luxury materials may set new industry standards for eco-friendly high-end vehicles.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $1,240.00 | $1,315.00 | $1990.00 |
Ferrari Stock Price Forecast 2037
In 2037, Ferrari’s adaptation to evolving consumer preferences and potential new revenue streams could drive further stock growth. Our forecast suggests a growth of 10.65% in 2037, with the average price rising to $1,455.00.
Ferrari’s potential ventures into virtual racing leagues and esports could engage younger audiences. The company’s advancements in AI-powered personalization for both vehicles and customer experiences may enhance brand loyalty.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $1,370.00 | $1,455.00 | $2140.00 |
Ferrari Stock Price Forecast 2038
2038 may see Ferrari benefiting from increased global wealth concentration and a growing demand for ultra-luxury goods. We expect a growth of 10.65% in 2038, pushing the average price to $1,610.00.
Ferrari’s possible expansion into luxury space travel experiences could open an entirely new market segment. The company’s development of advanced energy storage solutions may have applications beyond the automotive industry.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $1,515.00 | $1,610.00 | $2405.00 |
Ferrari Stock Price Forecast 2039
By 2039, Ferrari’s continued focus on technological innovation and brand exclusivity could contribute to sustained stock price growth. Our analysis points to a growth of 10.56% in 2039, with the average price climbing to $1,780.00.
Ferrari’s potential use of advanced biotechnology in vehicle interiors could set new comfort and sustainability standards. The company’s expansion of its classic car digitalization program may appeal to both collectors and tech enthusiasts.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $1,675.00 | $1,780.00 | $2685.00 |
Ferrari Stock Price Forecast 2040
In 2040, Ferrari may leverage advanced materials and manufacturing techniques to further enhance its product offerings and market position. We project a growth of 10.67% in 2040, bringing the average price to $1,970.00.
Ferrari’s possible development of self-healing car exteriors could revolutionize vehicle maintenance. The company’s advancements in holographic display technology may transform both vehicle interiors and showroom experiences. As Ferrari continues to innovate in luxury and performance, financial institutions like Morgan Stanley play a crucial role in the broader market. For a view on the financial sector, see our Morgan Stanley stock forecast.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $1,855.00 | $1,970.00 | $2885.00 |
Ferrari Stock Price Forecast 2050
By 2050, Ferrari is expected to have undergone significant transformation, adapting to changing market dynamics while maintaining its core values of luxury and performance. Our long-term forecast anticipates the stock price reaching approximately $5,400 by 2050, representing substantial growth over the decades.
Ferrari’s potential leadership in sustainable luxury mobility solutions could redefine the industry. The company’s integration of advanced AI and robotics in both manufacturing and vehicle operation may set new benchmarks for innovation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $5,100.00 | $5,400.00 | $6,700.00 |
Compound Annual Growth Rate (CAGR)
Based on our projections from 2024 to 2050, we calculate a compound annual growth rate (CAGR) of approximately 10.40%. This robust CAGR reflects our expectation of Ferrari’s continued strong performance and market leadership in the luxury automotive sector.
Conclusion
Our analysis of Ferrari N.V. (NYSE: RACE) stock price forecast from 2024 to 2050 paints a picture of sustained growth and value appreciation. Starting from $423.82 in June 2024, we project the stock to reach approximately $5,400 by 2050, representing a significant increase over the 26-year period.
FAQs
1. What is the future of RACE share price?
Our forecast suggests a generally positive outlook for Ferrari N.V. (NYSE: RACE) stock price. Starting from $423.82 in June 2024, we project consistent growth over the years, reaching approximately $5,400 by 2050. This represents a significant increase over the 26-year period, with a compound annual growth rate (CAGR) of approximately 10.40%.
2. What is the RACE share prediction for 2030?
According to our forecast, the average price for RACE stock in 2030 is expected to reach $737.50, with a low estimate of $695.00 and a high estimate of $780.00. This represents a projected growth of 9.66% from the previous year.
3. What is the RACE 10 year outlook?
Based on our projections, the 10-year outlook for RACE (from 2024 to 2034) is positive. We anticipate the stock price to grow from $423.82 in 2024 to an average of $1,080.00 in 2034. This represents substantial growth over the decade, driven by factors such as technological advancements, market expansion, and brand strength.
4. Is RACE a buy, hold, or sell?
RACE could be considered a long-term buy or hold for investors. Our projections indicate consistent long-term growth, with a compound annual growth rate (CAGR) of approximately 10.40% from 2024 to 2050. This suggests potential for significant value appreciation over time.
5. Who are the major competitors of RACE?
The major competitors of Ferrari N.V. (NYSE: RACE) include:
- Lamborghini (owned by Volkswagen AG – OTCMKTS: VWAGY) – A direct competitor in the luxury sports car market, known for its aggressive styling and high-performance vehicles.
- Porsche (owned by Volkswagen AG – OTCMKTS: VWAGY) – Another competitor in the high-performance sports car segment, with a strong focus on both luxury and driving dynamics.
- Aston Martin Lagonda Global Holdings PLC (LON: AML) – A British manufacturer of luxury sports cars, offering a blend of performance and elegance.
- McLaren Automotive – A British company that produces high-performance sports cars, known for its advanced engineering and Formula 1 heritage.
- Bugatti (owned by Volkswagen AG – OTCMKTS: VWAGY) – A maker of ultra-luxury hypercars, competing in the top tier of the high-performance market.
- Bentley Motors Limited (owned by Volkswagen AG – OTCMKTS: VWAGY) – Known for luxury grand tourers, Bentley competes with Ferrari in the high-end luxury segment.
- Maserati (owned by Stellantis N.V. – NYSE: STLA) – An Italian luxury vehicle manufacturer, offering sports cars and sedans that compete with Ferrari.
- Rolls-Royce Motor Cars (owned by BMW AG – OTCMKTS: BMWYY) – While more focused on ultra-luxury than sports performance, Rolls-Royce competes with Ferrari in the exclusive luxury market.
- Pagani Automobili S.p.A. – An Italian manufacturer of hypercars, competing with Ferrari at the very high end of the performance spectrum.
- Koenigsegg Automotive AB – A Swedish manufacturer known for producing some of the fastest and most advanced hypercars in the world, competing with Ferrari’s top-tier models.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
