Why I'm Not Selling My Ferrari Stock Even After a 100% Gain
Back in early 2022, I started to accumulate shares of the luxury supercar maker (NYSE: RACE). At the time, I thought it was a safe place to park my cash as inflation, rising rates, and geopolitical conflicts rattled the markets.
I now have an unrealized gain of more than 100% on that position. It might seem prudent to take profits in Ferrari right now as its stock trades just 5% below its all-time high, but I'm not selling it for five simple reasons.
Image source: Ferrari.
Source Fool.com
Ferrari NV Stock
€387.00
1.070%
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 6.98% compared to the current price of 387.0 € for Ferrari NV.
