Ferrari - target price 160 $NYSE:RACE Ferrari is the leader in the auto sector.
The profit in the last reporting quarter was 0.85 cents per share, which is 63% more than in the same quarter last year. We also noticed an acceleration in the rate of profit growth over the past two quarters from 59% to 63%, which is undoubtedly an excellent indicator. During the last 6 quarters the company's actual profit exceeded the forecasted one. In parallel with the growth in profits, we see an increase in sales growth rates from 6% in the second quarter of 2016 to 20% in the second quarter of 2017.
Confirmation of rumors about the fact that Ferrari to release its first SUV "FUV" is the catalyst for achieving the goal of $ 160 per share
