Ferrari NV (RACE) Sits on Strong Order Book as New Models Win Traction

Ferrari NV (NYSE:RACE) is among the best Italian stocks to buy in 2026. The luxury automaker Ferrari NV (NYSE:RACE) released its Q4 and full-year 2025 results on February 10. The company reported Q4 earnings and revenue numbers that both fell short of analysts’ expectations. However, full-year results were strong, with revenue growing 7% to €7.1 billion and EBITDA rising 38.8% to €2.8 billion. The company’s industrial free cash flow generation surpassed €1.5 billion, representing more than 55% cash conversion.

The full-year results were bolstered by a richer product mix, price improvements, and new model launches. Ferrari launched six models in 2025, including Ferrari Luce, its first electric vehicle.

The company revealed a strong order book extending toward the end of 2027. It’s particularly seeing strong demand for its Amalfi and 849 Testarossa models. For 2026, Ferrari projects revenue of about €7.5 billion and adjusted EBITDA of €2.93 billion. The company also expects to maintain strong industrial free cash flow generation, forecasting at least €1.5 billion.

On February 11, Deutsche Bank analysts raised their price target on Ferrari to €460 from €450 while reiterating a Buy rating on the stock. For this action, the analysts pointed to Ferrari’s strong results, and they expect the company to maintain the positive performance trend throughout 2026. Moreover, the analysts see Ferrari going back to its historic pattern of exceeding expectations and raising guidance.

Founded in 1939 and headquartered in Maranello, Italy, Ferrari NV (NYSE:RACE) manufactures and sells luxury vehicles. The company portfolio features a large range of models, including electric vehicle options.

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