Ferrari N.V. shares closed at $409.79 on the New York Stock Exchange on September 15, 2026, up 0.69 percent, or $2.81, from the previous session. The move kept the stock at a moderate remove from its one-year peak of $504.49 reached in mid-September, as investors continue to weigh the company's aggressive buyback activity against a widening debate over whether its valuation still leaves room to run.

Buyback program continues apace

Fresh disclosures reported by Ad-hoc-news on September 16 show Ferrari bought back 42,707 shares between September 7 and September 11, 2026, spending €15,016,756.32 as part of the third tranche of its €250 million repurchase program. That brings the total repurchased since January 5, 2026 to 1,779,532 shares, worth €538,452,100.59 in aggregate. As of September 11, Ferrari held 1,669,152 shares in treasury. The steady pace of buying signals a sustained effort to return capital to shareholders while shrinking the free float, a dynamic that can flatter earnings per share over time.

Analysts split on room to run

On the valuation side, MarketBeat data from September 16 show Ferrari, trading under the ticker RACE, opened that day at $406.60, within a one-year range spanning $312.51 to $504.49. The consensus analyst rating sits at Moderate Buy, with an average price target of $478.79 — implying roughly 16.8 percent upside from the September 15 close, should that target be reached.

Institutional moves and mixed performance signals

Institutional positioning has been uneven. MarketBeat reported that HSBC Holdings PLC slashed its Ferrari stake by 75.2 percent in the second quarter of 2026, cutting its position to 970 shares after offloading 2,939 shares, even as several smaller investors added modestly to their holdings earlier in the year.

Elsewhere, Simply Wall St noted that on Borsa Italiana, Ferrari shares traded at €352.70, posting a 90-day return of 13.52 percent even as the one-year total shareholder return remains down 12.16 percent — a sign of a recent rebound following a rockier longer stretch. In Milan on September 16, Tuttosport reported Ferrari shares slipping 0.9 percent, underperforming some FTSE MIB peers, underscoring how short-term price action remains tied to broader index sentiment as much as company-specific news.

With a market capitalization around $75 billion, Ferrari remains one of the auto sector's most closely watched luxury performance names, its stock now caught between disciplined capital returns and an ongoing tug-of-war over just how much further the shares can climb.

Source: ad-hoc-news.de