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Stock has broken out of this broadening pattern to reach new all-time highs with a measured target of at least $360.00 after beating expectations and and raising guidance.
Ferrari Stock Is on Track to Hit All-Time Highs — WSJ
Nov 3, 202321:31 GMT+2
RACE
+1.78%
By Hardika Singh
The company that makes some of the hottest cars in the world has a hot stock.
Ferrari shares recently rose 2.4% to $331 Friday, on course to set at a record high, after the Italian sports-car maker on Thursday reported earnings (www.wsj.com/business...lift-profit-f2001d54) that exceeded expectations.
The company raised its full-year guidance after profit jumped 45% and revenue grew 24% in the third quarter from a year ago, thanks to a better sales mix and higher demand for vehicle customization.
Ferrari shares are up 54% this year.
Stock has broken out of this broadening pattern to reach new all-time highs with a measured target of at least $360.00 after beating expectations and and raising guidance.
Ferrari Stock Is on Track to Hit All-Time Highs — WSJ
Nov 3, 202321:31 GMT+2
RACE
+1.78%
By Hardika Singh
The company that makes some of the hottest cars in the world has a hot stock.
Ferrari shares recently rose 2.4% to $331 Friday, on course to set at a record high, after the Italian sports-car maker on Thursday reported earnings (www.wsj.com/business...lift-profit-f2001d54) that exceeded expectations.
The company raised its full-year guidance after profit jumped 45% and revenue grew 24% in the third quarter from a year ago, thanks to a better sales mix and higher demand for vehicle customization.
Ferrari shares are up 54% this year.
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Target of $360.00 reached on Friday and happy with the result and exiting here for some great gains!
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