He was late to this. They sell 9,000 cars a year and are expected to rise to 15,000. They're also developing e-cars and hybrids. They can increase prices and margins each year, and add anccillary services, like theme parks. An expensive PE but they should double earnings. Little debt, lots ot cash flow. He'd pay a higher valuation in a stock if he sees growth, like Ferrari. (Analysts' price target $130.41)
This is in the right demographic in that the rich 1% of the population is growing and growing. This company caters to that rich 1%. This is a niche product in a niche market.
Ferrari N.V. is a American stock, trading under the symbol RACE-N on the New York Stock Exchange (RACE). It is usually referred to as NYSE:RACE or RACE-N
In the last year, 2 stock analysts published opinions about RACE-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Ferrari N.V..
Ferrari N.V. was recommended as a Top Pick by on . Read the latest stock experts ratings for Ferrari N.V..
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2 stock analysts on Stockchase covered Ferrari N.V. In the last year. It is a trending stock that is worth watching.
On 2023-05-31, Ferrari N.V. (RACE-N) stock closed at a price of $286.67.
He has owned this for 3 or 4 years. The economy doesn't affect the super rich and there is a wait list for their cars. It is a high margin business and should double earnings in the next ten years.