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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 (wsj.com/business/earnings/ferrari-raises-guidance-after-sales-mix-customizations-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 (wsj.com/business/earnings/ferrari-raises-guidance-after-sales-mix-customizations-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.
Trade closed: target reached
Target of $360.00 reached on Friday and happy with the result and exiting here for some great gains!
"If you do what you love, you'll never work a day in your life" - Marc Anthony
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
"If you do what you love, you'll never work a day in your life" - Marc Anthony
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.