This Unstoppable Auto Stock Has Tripled in the Last 5 Years: Is It Time to Buy?
When thinking about car manufacturers, Tesla will likely come to investors' minds first. Perhaps Detroit automakers like Ford Motor Company or General Motors will also get some attention.
But there's a top automotive stock that has crushed it for shareholders in the past five years that you might not immediately think about. Its shares have more than tripled in value since March 2019. I'm talking about Italian luxury vehicle business (NYSE: RACE).
With the stock racing to all-time highs, is it time to buy this massive market outperformer?
Source Fool.com
Ferrari NV Stock
€386.30
0.890%
We see a rather positive sentiment for Ferrari NV with 14 Buy predictions and 1 Sell predictions.
As a result the target price of 414 € shows a slightly positive potential of 7.17% compared to the current price of 386.3 € for Ferrari NV.
