On July 30, Ferrari NV rose 3.17% in pre-market trading, trading at $397.93/share, with turnover of $921,300.

On the news front, dual catalysts are driving the stock higher. Ferrari's first pure-electric four-door sedan Luce achieved its full-year sales target — set at fewer than 500 units — within just two months of launch, with strong orders from the Chinese market serving as the core driver. Simultaneously, the company released its latest quarterly earnings pre-market and raised its full-year guidance, projecting adjusted EBITDA of at least 2.97 billion euros, in line with market expectations. Consensus estimates for the quarter called for revenue of 1.884 billion euros, up 2.53% year-over-year, and adjusted EPS of 2.50 euros, up 5.68%.

UBS had previously noted Ferrari's Q2 results were poised to accelerate further, maintaining a Buy rating with a $497 price target. Morgan Stanley holds an Overweight rating with a $438 target, while Bank of America raised its target to 400 euros, reflecting broad institutional consensus favoring the stock.

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