Luxury car giant is not afraid of tariffs! Ferrari NV (RACE.US) receives an upgraded rating from Barclays against the market trend.

Barclays PLC Sponsored ADR released a research report, upgrading the rating of Ferrari NV (RACE.US) from "hold" to "buy", stating that the current time is a good opportunity for investors to position themselves in this luxury car stock. Analyst Henning Cosman pointed out that despite facing a 25% tariff on cars exported from the EU to the US, Ferrari NV has reiterated its full year performance guidance. "Yesterday's confirmation of the performance guidance highlights Ferrari NV's unique (relative) safe haven position and strongly showcases the company's firm confidence in its own development amidst the significant uncertainty in the EU automotive industry," he added. "Specifically, Ferrari NV stated that, based on current information (additional 25% tariff on imported foreign-made cars by the US), apart from models imported before April 2, 2025, as well as the 296, SF90, and Roma models (regardless of import date), the company will partially adjust prices to reflect the new import conditions, but the increase will not exceed 10%." Cosman and his team also believe that the six new models planned to be launched by Ferrari NV this year will serve as catalysts for its growth. Barclays' decision to upgrade the rating of Ferrari NV is particularly noteworthy, as most of the automotive industry is currently facing downgrades and cautious analysis evaluations due to trade and tariff factors. In response to the tariff impact, Ferrari NV officials stated that they will adjust their business strategy according to the latest trade policies, and some models will see a maximum 10% price increase coordinated through the dealer network.