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Goldman Sachs

May 20, 2026

Ferrari Group 1Q26 Trading Update

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Ferrari Group's 1Q26 trading update was in line with expectations, showing 7.4% organic growth and €90mn in revenue. Goldman Sachs maintains its Buy rating and €13.0 price target.

Key Takeaways

  • 1.1Q26 financial results met expectations with revenue of €90mn and organic growth of 7.4% yoy.
  • 2.The company reaffirmed its full-year 2026 objectives, including 3-6% revenue growth and stable EBITDA margins.
  • 3.Goldman Sachs maintains a Buy rating with a 70.4% upside to its 12-month price target of €13.0.

Table of Contents

  • Disclosure Appendix
  • GS Factor Profile
  • M&A Rank
  • Quantum
  • Disclosures
  • Company-specific regulatory disclosures
  • Distribution of ratings/investment banking relationships
  • Price target and rating history chart(s)
  • Target price history table(s)
  • Regulatory disclosures
  • Ratings, coverage universe and related definitions
  • Global product; distributing entities
  • General disclosures

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