- Shares of Ferrari are up almost 35% this year, but they came off their highs on trade tensions recently.
- We don’t think there is much room for further multiple expansion, there already has been a lot of that.
- But there are still enough other levers for the company to get the share price higher.
- Nearby risks are trade tensions and further out are changes like EVs and autonomous vehicles which could have some impact on the company.
Ferrari Still Has Room To Run
July 8th, 2018 · No Comments