$RACE Accelerates Toward $450 on Fresh Analyst Upgrades

Trend_Radar
08-24 20:50

$Ferrari NV(RACE)$

$RACE Ferrari Surges +1.91%: Luxury Supercar Maker Tests $437 Resistance, $490 Bull Target in Sight πŸŽοΈπŸ’¨

Latest Close Data: $RACE closed at $436.54 (+1.91%) on Aug 24, just 0.22% below its short-term resistance of $437.51 and 13.5% off its 52-week high of $504.49.

Core Market Drivers: Goldman Sachs lifted its Ferrari target from €381 to €407, while AlphaValue raised its target from €401 to €422. Luxury demand remains resilient despite macro noise, with Ferrari's brand pricing power shielding margins.

Technical Analysis: Volume reached 444.2K shares with a 1.15 volume ratio, confirming accumulation. MACD is strongly bullish with DIF at 13.27 vs DEA 11.52, histogram expanding to +3.49. RSI(6) hit 83.5 β€” overbought but still rising, indicating powerful momentum. KDJ-J at 102.3 signals extended strength.

Key Price Levels: Primary Support $428.37 (prior close) | Strong Resistance $437.51 | Immediate Pivot $433.50 (today's open). A daily close above $437.51 activates the $455–$460 zone.

Valuation Perspective: P/E TTM stands at 41.4x, below the 5-year average Forward P/E of 44.05x. P/S at 9.76x reflects Ferrari's luxury scarcity premium.

Analyst Targets: 16 analysts cover RACE: 5 Strong Buy, 10 Buy, 1 Hold. Average target $455.83, with a high of $490 and low of $400.

Weekly Outlook: Expect a $428–$450 range. A breakout above $437.51 opens the path to $455–$460; failure to hold $428 could trigger a pullback to $410–$415 as RSI cools.

⚠️ Disclaimer: This is not financial advice. Technical indicators reflect historical data and may not predict future performance. Always do your own research.

🎯 $RACE Options Strategy: Bull Call Spread (Debit Spread)

  • Underlying: RACE (Ferrari N.V.)

  • View: Cautiously bullish β€” momentum-driven breakout above $437.51 resistance, with analyst targets supporting further upside toward $455–$460

  • Strategy Type: Debit Spread / Directional Long (Limited Risk)

  • Option Contract Portfolio (Sep 4, 2026 Expiry):

    • Buy 1x $435 Call @ $9.40 (mid)

    • Sell 1x $450 Call @ $3.85 (mid)

    • Net Debit: $5.55 per share ($555 per contract)

  • Max Gain & Loss:

    • Max Gain: $9.45 per share ($945 per contract) = (450 βˆ’ 435) βˆ’ $5.55

    • Max Loss: $5.55 per share ($555 per contract) = Net Debit paid

  • Initial Cost/Credit: Net Debit $5.55 per share

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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