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Ferrari Stock Analysis Market Performance and Future Challenges

Stocks
By Ahmed Ashraf
Ferrari Stock Analysis Market Performance and Future Challenges
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Ferrari

Ferrari.ecnH1 13-1-2025

Ferrari stock is trading above the support level of $426.665, with a potential upward movement targeting the resistance area at $432.35. This scenario would be invalidated if the mentioned support level is breached to the downside.

BETA

 0.95
P/E

49.91
EPS

15.50%

Ferrari’s stock experienced a slight decline today, slipping by 1.06% or $4.58 to close at $429.29 per share. This minor drop follows a strong performance in recent periods, with the stock reaching its 52-week high of $498.23. Despite this slight dip, analysts maintain positive evaluations for the stock, with an average target price of $475.06, indicating a potential growth of 11% from the current level. Notably, Ferrari has previously reported robust financial results, reflecting consistent demand for its luxury cars and its ability to generate sustainable profits.

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Ahmed Ashraf

Research Department at LDN Global Markets

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