01:49 AM EST, 11/11/2026 (MT Newswires) -- RBC Capital Markets highlighted Ferrari's (RACE.MI) strategy of China being "less of a priority" as the Italian luxury carmaker shifts its focus to other Asian markets. Following meetings with Ferrari's Chief Executive Officer Benedetto Vigna and Investor Relations Head Nicoletta Russo, the research firm said Tuesday that China is not a near-term "high priority" for the company due to high emissions taxes, margin compression and an "underdeveloped" pre-owned market. The automaker is seen shifting its Asia-Pacific growth focus toward Japan, Taiwan, and India while wealthy Chinese clients increasingly purchase and garage their vehicles in Europe. Analysts also believe fears regarding residual value appear "overdone," especially since hybrid models are outperforming internal combustion engine models, while skepticism over the Luce is expected to fade as high-profile deliveries commence. "Ferrari defies easy categorization - part automaker, part luxury brand, part tech company - serving a loyal, personalization-driven customer base supported by steady HNWI growth," the note said. RBC rates the stock at outperform, with a price target of 435 euros.

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