05:48 AM EDT, 05/07/2026 (MT Newswires) -- UBS Global Research confirmed its recommendation for Ferrari (RACE.MI) in a 2026 first-quarter review note on Wednesday.

The Italian luxury car manufacturer's revenue of 1.85 billion euros was 2% above Visible Alpha consensus and 3% higher than the UBS estimate. Organic sales growth of 6% beat consensus and UBS expectations of 4%, while EBITDA of 722 million euros was 1% and 3% ahead of consensus and UBS forecasts, respectively.

"In the current context, we believe Ferrari remains a unique defensive name with high exposure to high net worth individual, with strong visibility on volumes and price/mix underpinning [organic sales growth] of ~8% in 2026 (~2x the broader luxury sector, and ahead of its historical average), alongside further margin expansion (UBSe 39.4% vs. consensus 39.3%),"analysts said. "At the same time, its relative [enterprise value]/EBITDA premium to the sector (~64% vs. a historical average of ~69%) and discount to Hermès (~15% vs. a historical average of ~18%) are now only close to the long-term averages. As such, the post results pullback creates a buying opportunity, in our view."

As such, the stock's buy rating and price target of $483 were maintained with broadly unchanged estimates.