#Ferrari #812Competizione #BluLeMans #MonteCarlo
“The reviews of the 812 Competizione say this Ferrari is 1 of the finest road cars it has ever produced, it is also 1 of the most striking“–Paul Ebeling
Many people that buy a Ferrari opt to have it painted in a shade of red. As, red is synonymous with Ferrari but some suggest that new owners only go for red to help when it comes to sell their car. I like all Ferrari’s shades of red but do appreciate something different.
This 812 Competizione is different.
The exterior of the track-focused Italian grand tourer is painted in Blu Le Mans. The color suits the 812 perfectly and has been contrasted by a yellow racing stripe running across the center of the car. This 812 is fitted with various exposed carbon fiber parts, including the front air intakes, side skirts, and rear diffuser.
This 812 Competizione is pictured outside Ferrari’s official dealership in Monte Carlo and like the exterior, the interior is also special. Most surfaces in the cabin are clad in black Alcantara but the car does feature some exposed carbon fiber elements on the steering wheel and various switchgear. Adding some color is yellow accents on the seats, instrument cluster shroud, and dashboard.
As a refresher, the 812 Competizione is driven by a 6.5-liter naturally aspirated V12 with no less than 819 hp and 510 lb-ft (692 Nm) of torque. This engine is not just extraordinary for how much power it delivers but also because it revs through to 9,500 rpm.
Ferrari is The Aristocrat of the automotive sector.
Ferrari is 1 of the most recognizable brands in the world, even becoming the world’s strongest luxury brand in Y 2021, according to Brand Finance. Its Brand Strength Index scored 93.9 pts out of 100 and has a brand strength of AAA+.
Ferrari is among Morgan Stanley’s Top stock picks for Y 2022, ranking 1st on the Adam Jonas-led team’s list of favorite EV stocks for 2022. The stock has replaced General Motors as Morgan Stanley’s top pick this year. Ferrari designs, engineers, produces and sells luxury performance sports cars, and is a prospective big player in the EV sector.
Analyst Adam Jonas at Morgan Stanley holds an Overweight rating on Ferrari shares as well, as of January 2022.
Our overall technical outlook is still Bullish, all Key indicators are Bullish long-term. Ferrari reported strong earnings for Q-3 on 3 November and did the same for Q-4 and F-Y 2020 as reported on 2 February.
Ferrari finished Friday at 213.34 within its 52 wk range of 127.73 – 275.30 in NY, down from its all time closing high at 275.30 on 22nd November.
Our Key technical indicators have turned Very Bullish, as the stock is very oversold in here. The candlestick pattern indicated the confirmation of the break out at 196.01 on 3 November and confirmed.
The Key resistance is at 237.13, the Key support is at 209.35, the stock is very oversold in here.
Societe Generale places a Street high price target of $290 on RACE as compared to the average sell-side price target at 195.93. Most Street analysts still do not know how to view Ferrari.
Morgan Stanley called out $RACE a “sleeper” EV play as the firm can justify more than 100% of the company’s value with its ICE business. MS’s new price target of $350 reps more than 35% Northside potential for shares and is above the average analyst 1 yr target is at 208.64.
MS automotive analyst says, “Longer term, we see scope for Ferrari to offer a range of EV products at potentially higher prices than the average selling price of today’s Ferrari, while leveraging economies of scale on higher volumes.“
Note: At the beginning of Y 2020 I called RACE at 230 by year’s end, the stock was trading at 165.22 on 1 January 2020, on 29 December 2020 it marked 233.66 intraday, an all time high
The Maranello Outfit’s shares were raised to Buy from Hold at HSBC, and Buys at Morgan Stanley and Bank of America.
UBS is now calling the stock at 365. I have not seen any other Street downgrades.
Ferrari will continue to create value in the long term as it becomes the world’s 1st Super Luxury brand.
Ferrari is a quality 1st long term luxury products investment, BAML raised its call to 270 long term.
I have raised my long term target to 375, a Strong Bull call, the strongest on the Street and am holding the mark during this recent profit taking, and seeing RACE as a buying opportunity.
Ferrari has an average rating of Buy and a consensus target price at 208.29.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I am calling it 375 long term, the Top call on the Street, and adjusting it to 250/share short term.
A number of large investors have recently bought shares of RACE, and Ferrari continues to buy back its stock in here.
The stock is considered defensive in the sector.
Have a happy, prosperous week, Keep the Faith!