0846 GMT - Ferrari is likely to use next month's investor day to unveil new midterm financial targets and offer a deeper look into its product roadmap, UBS analyst Susy Tibaldi writes. That includes the long-awaited debut of Ferrari's first electric vehicle, the Elettrica, she says. While guidance is typically conservative, UBS forecasts an 8% topline compound annual growth rate between 2025 and 2029, and double-digit EBIT growth. Lower capital expenditure could unlock higher shareholder returns through an increased payout ratio and buyback. "While we remain positive on the long-term prospects, expectations have risen recently, and there is a risk the capital markets day could underwhelm," Tibaldi says. UBS reiterates its buy rating and lifts its price target on the stock to $570 from $540. U.S.-listed shares closed at $492.08. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
September 03, 2025 04:46 ET (08:46 GMT)
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