Between a high sticker price and strict purchase rules, it can be near-impossible to join the Ferrari (NYSE:RACE) owners club. However, even if you cannot own a Ferrari, you can still come along for the ride, through ownership of RACE stock.
In fact, investors in this iconic Italian sports car brand have had quite the ride so far this year. During this time, Ferrari has continued to “crush it,” with its operating performance. This has enabled shares to zoom higher, to the tune of 37.6%.
Bottom line: it’s clear that there’s plenty more runway ahead for RACE stock, despite its steep valuation. Consider it a strong buy at current prices, and a screaming buy on any weakness.
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