Citigroup: Despite facing unfavorable factors, Ferrari still indicates an increase in profitability.

Citi analyst wrote that Ferrari stated in an analyst conference call before announcing its performance that the first quarter's "profitability" would not be lower than the same period last year. Despite facing major adverse factors such as the peak in pre-tax profit margin in the first quarter of 2025, as well as declining sales, reduced Daytona deliveries, exchange rates, and costs, Ferrari seems to have achieved higher profitability. "Given that earnings per share adjustments are now almost the only driving force for investor sentiment, we expect investors to react positively." Citi predicts that Ferrari will continue to address its profit-related challenges until the end of 2026. The bank has given Ferrari stock a "neutral" rating with a target price of 320 euros. The stock rose 4% to 300.50 euros.