Ferrari (NYSE: RACE) enters 2026 from a position most companies would envy. Its brand remains untouchable, margins still rank among the best in global luxury, and management has consistently resisted the temptation to chase volume.
But after a steady and reassuring 2025, Ferrari now faces a different kind of test. At a premium valuation, the market no longer rewards consistency alone. In 2026, investors will look for proof -- proof that Ferrari's discipline, pricing power, and brand magic can survive a changing automotive landscape.
Here are the four things that matter most.
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