Ferrari's new electric vehicle launch, the Luce, is identified among catalysts for the Italian supercar maker as analysts at Deutsche Bank repeated a Buy tip follow an investor event in Paris.
DB pitches a price target of EUR460, implying roughly 52% upside to the market price.
Besides the rollout of Luce, which was launched last week, the German bank said that Ferrari's strategy for targeting new clients is also pivotal to the company's growth outlook.
It also noted that management is focused on managing the inflationary and market impacts coming from the Middle East, as well as its product cadence through the year.
Luce: Ferrari's 1,000hp EV
With more than 1,000 horsepower, a top speed above 310km/h and a claimed 0-100km/h time of 2.5 seconds, Ferrari’s first fully electric car has arrived with the sort of performance figures designed to silence sceptics.
Ferrari lifted the covers on Luce in Rome last week, marking a historic shift for a brand long associated with roaring combustion engines and Formula One pedigree. The four-door, five-seat grand tourer is powered by four electric motors and a 122kWh battery, with Ferrari claiming a range of 530km.
Luce, meaning “light” in Italian, was developed in collaboration with Sir Jony Ive and Marc Newson through their design collective LoveFrom.
