#F1 #SaudiGP #Ferrari #Leclerc #RedBull #Perez
$RACE
“Sergio Perez will start from the pole. Here is how and when you can watch the Saudi GP”–Paul Ebeling
Mr. Perez beat the Ferraris of practice pace-setter Charles Leclerc and Carlos Sainz Jr to become the 1st Mexican polesitter in F1 history.
A lap that Perez called “unbelievable” and drew praise from championship leader Mr. Leclerc also broke Mark Webber’s long-standing record for the most F1 starts before his 1st pole, with the 2022 Saudi Arabian Grand Prix set to be his 215th F1 start.
Mr. Perez becomes the 1st Red Bull polesitter at the start of F1’s new ground effect era, with reigning world champion Max Verstappen only 4th-fastest as he reported struggles for grip during the decisive Q3 session.
The Big Q: Will Ferrari continue to dominate?
Saudi Arabian GP 2022 – Starting Grid-Top 10
1) Perez
2) Leclerc
3) Sainz
4) Verstappen
5) Ocon
6) Russell
7) Alonso
8) Bottas
9) Gasly
10) Magnussen
The F1 Saudi Arabian Grand Prix
- Date: Sunday 27th March 2022
- Start time: 6:00pm BST, 8:00pm local time
The 2nd round of the 2022 F1 season, the Saudi Arabian GP at the Jeddah Corniche Circuit, gets underway at 8:00pm local time (6:00pm BST) on Sunday 27th March.
In the United Kingdom Formula 1 is only broadcast live on Sky Sports, with highlights shown on Channel 4 several hours after the race has finished. Live streaming through NOW is also available in the UK.
Sky Sports F1, which broadcasts the F1 races, can be added as part of the Sky Sports channels.
Fans wanting to watch the race for free will have to wait until the Sunday evening to see the highlights on Channel 4.
Ferrari is The Aristocrat of the automotive sector.
Ferrari is 1 of the most recognizable brands in the world, even becoming the world’s strongest luxury brand in Y 2021, according to Brand Finance. Its Brand Strength Index scored 93.9 pts out of 100 and has a brand strength of AAA+.
Ferrari is among Morgan Stanley’s Top stock picks for Y 2022, ranking 1st on the Adam Jonas-led team’s list of favorite EV stocks for 2022. The stock has replaced General Motors as Morgan Stanley’s top pick this year. Ferrari designs, engineers, produces and sells luxury performance sports cars, and is a prospective big player in the EV sector.
Analyst Adam Jonas at Morgan Stanley holds an Overweight rating on Ferrari shares as well, as of January 2022.
Ferrari finished Friday at 213.34 within its 52 wk range of 127.73 – 275.30 in NY, down from its all time closing high at 275.30 on 22nd November.
Our Key technical indicators have turned Very Bullish, as the stock is very oversold in here. The candlestick pattern indicated the confirmation of the break out at 196.01 on 3 November and confirmed.
The Key resistance is at 237.13, the Key support is at 209.35, the stock is oversold in here.
Societe Generale places a Street high price target of $290 on RACE as compared to the average sell-side price target at 195.93. Most Street analysts still do not know how to view Ferrari.
Morgan Stanley called out $RACE a “sleeper” EV play as the firm can justify more than 100% of the company’s value with its ICE business. MS’s new price target of $350 reps more than 35% Northside potential for shares and is above the average analyst 1 yr target is at 208.64.
MS automotive analyst says, “Longer term, we see scope for Ferrari to offer a range of EV products at potentially higher prices than the average selling price of today’s Ferrari, while leveraging economies of scale on higher volumes.“
Note: At the beginning of Y 2020 I called RACE at 230 by year’s end, the stock was trading at 165.22 on 1 January 2020, on 29 December 2020 it marked 233.66 intraday, an all time high
The Maranello Outfit’s shares were raised to Buy from Hold at HSBC, and Buys at Morgan Stanley and Bank of America.
UBS is now calling the stock at 365. I have not seen any other Street downgrades.
Ferrari will continue to create value in the long term as it becomes the world’s 1st Super Luxury brand.
Ferrari is a quality 1st long term luxury products investment, BAML raised its call to 270 long term.
I have raised my long term target to 375, a Strong Bull call, the strongest on the Street and am holding the mark during this recent profit taking, and seeing RACE as a buying opportunity.
Ferrari has an average rating of Buy and a consensus target price at 208.29.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I am calling it 375 long term, the Top call on the Street, and adjusting it to 250/share short term.
A number of large investors have recently bought shares of RACE, and Ferrari continues to buy back its stock in here.
The stock is considered defensive in the sector.
Enjoy the racing Sunday, Keep the Faith!
