“On the road, things happen much faster than in the 488 Pista,” claims test driver Raffaele de Simone of the 2021 Ferrari SF90 Stradale. “Train your neck and your reactions,” he says, hinting that Ferrari’s new 986-hp high-tech Hyper Supercar will generate truly strong levels of grip while feeling as fast and agile as a race car. “You can go through corners so much quicker.”
The SF90 is a benchmark Ferrari.
It is the most powerful Ferrari road car ever, it is also the quickest, with a 0-60 mph acceleration time of less than 2.5 secs, with the 0-124 mph sprint taking just 6.7 secs.
Here is where it gets really interesting.
The SF90 is the 1st flagship Ferrari since the F40 not to have a V-12 engine. Plus, it is the 1st ever plug-in hybrid Ferrari, the 1st all-wheel-drive mid-engine Ferrari, the 1st Ferrari to use brake-by-wire technology, and the first Ferrari sports car fitted with electric power steering.
The SF90 is very a Ferrari of the here and now, a road car clearly developed by a company whose F1 team is part of its in-house design and engineering expertise and not the result of an expensive sponsorship deal. “It represents the pinnacle of what Ferrari is capable of doing,” says SF90 product manager Matteo Turconi.
Our overall technical outlook is Bullish in here, as all Key indicators are Bullish to Very Bullish as it approaches its all time highs at 179.21 marked on 18 February 2020.
Ferrari (NYSE:RACE) finished Thursday at 169.62, -0.47 in NY just shy of its all time highs.
The Maranello Outfit’s shares were raised to Buy from Hold at HSBC.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I have called it at it at 200+/share long term, adjusting it to 200/share short term (after the virus) and siding with BAML to 230 long term for now. The stock is now considered defensive in the sector.
Have a healthy weekend, Keep the Faith!