Ferrari Analysts More Upbeat Than Ever After October Plunge

Cautious investor-day forecasts have put Ferrari NV shares on track for their worst month on record, yet analysts are more positive than ever on a stock that’s increasingly favored for its luxury status.

Twenty-one brokers — or 75% of those tracked by Bloomberg — now recommend buying the Italian supercar maker’s shares. That’s more than before Ferrari fell 15% in a day, the most since its 2016 Milan listing. The stock is down by about 17% in October to date.