NYSE:RACEAuto
Ferrari (RACE) Stock May Be Fully Priced Despite Strong 89% Returns
Ferrari stock has delivered a strong 89.5% total return over the past 5 years, yet its current valuation screens as expensive on several checks, which raises questions about how much optimism is already built into the price.
Over 5 years, Ferrari has returned 89.5%, which puts recent share price weakness over the past year into the context of a longer period of solid gains.
Expectations for sustained demand in the high end luxury performance segment can support rich multiples. However, any...