Ferrari N.V. shares were changing hands at EUR 351.33 on the Lang & Schwarz exchange on October 23, 2026, at 10:05 a.m. CEST, as investors weighed a fresh earnings date against an outside analyst's bullish price target. The Italian automaker confirmed on October 16 that it will publish third-quarter 2026 results on November 3, while The Globe and Mail has assigned the stock a Buy rating with a EUR 450.00 target, well above where shares currently trade.

Ahead of that report, Ferrari's ongoing share-buyback program has provided the clearest signal of the company's operating and financial posture. Per a filing referenced by StockTitan, Ferrari bought back 43,000 common shares between October 5 and October 9, 2026, spending EUR 14,795,399.65 in the process. That tranche falls under a EUR 250 million third slice of a broader EUR 3.5 billion multiyear repurchase program.

The cumulative numbers are notable: since January 5, 2026, Ferrari has repurchased 2,032,307 of its own common shares for a total of EUR 627,746,241.37. As of October 9, the company held 1.08 percent of its issued common shares in treasury, according to the StockTitan filing. That level of buyback activity is expected to factor into how analysts and investors interpret Ferrari's per-share metrics when the carmaker reports.

Three key dates frame the run-up to earnings. The five-day buyback window opened on October 5, 2026, and closed on October 9 with the 43,000-share purchase completed. A week later, on October 16, Ferrari announced that it would release its next earnings report on November 3, according to GlobeNewswire.

That November 3 date now stands as the next major test for the stock. Ferrari has said its webcast and conference call covering the results will begin at 3:00 p.m. CET, giving shareholders a fixed point to assess third-quarter revenue, earnings, and how the company is allocating capital through buybacks.

For now, Ferrari's quoted price remains well below the EUR 450.00 target cited by The Globe and Mail, though the timing and basis of that target call for separate scrutiny apart from the scheduled earnings release. Ferrari trades on both the NYSE and Euronext Milan and is classified within the Consumer Cyclical sector under Auto Manufacturers. As of the October 23 Lang & Schwarz quote, shares stood at EUR 351.33, with the market now turning its attention to the November 3 results for further direction.

Source: AD HOC NEWS

Before this, we covered: Ferrari's Divisive Electric Luce Will Set Buyers Back $560,800