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RACE
Forbes
5 hrs

Ferrari Stock Crashes 15% - Buy Now Or Wait?

1. Ferrari stock dropped nearly 15% on disappointing future projections. 2. Current trading range shows potential for a rebound historically averaging 22.8%. 3. EV production goals have been halved, raising growth concerns. 4. 2023 EBITDA forecast reduced to €3.6 billion indicating slower growth. 5. Stock shows substantial price risk despite strong fundamentals.

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FAQ

Why Bearish?

The halving of EV targets and lower profit projections indicate significant growth concerns that typically lead to price declines. Historical instances show stock volatility during similar market conditions, highlighting the associated risks.

How important is it?

The stock's immediate reaction to management forecasts and EV strategy directly impacts investor sentiment and future pricing dynamics, driving attention to RACE.

Why Short Term?

Given recent price actions and market response, the effects of missed targets and lowered projections are immediate, as seen in past earnings reactions.

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