Where Will Ferrari Stock Be in 10 Years?
RACEFerrari(RACE) The Motley Fool·2024-09-22 18:44

The luxury supercar maker still has a bright future.Ferrari (RACE -0.74%), one of the world's most well-known luxury supercar makers, went public at 52onOct.21,2015.Thestocknowtradesatabout52 on Oct. 21, 2015. The stock now trades at about 474 -- so a 10,000investmentwouldhaveblossomedintomorethan10,000 investment would have blossomed into more than 91,000 in just under nine years.But can this hot auto stock head even higher over the next decade?An evergreen business modelMost of Ferrari's vehicles cost 200,000to200,000 to 600,000, so it mainly serves extremely wealthy customers who are well in ...