Ferrari team principal Mattia Binotto says the Italian outfit should set its “minimum objective” on securing a top three finish in 2021.

The Scuderia endured its worst Formula 1 season for 40 years in 2020 as it finished sixth in the constructors’ championship without a single race victory.

An underpowered engine and a lack of aero efficiency plagued Ferrari’s hopes of a title challenge, with the team scoring 373 points less than the previous campaign.

With a brand new power unit for this year, Binotto is optimistic Ferrari will rediscover its form in 2021.

“I’m pretty sure that this year will make us stronger for the future,” Binotto told reporters in a video call from Maranello, as quoted by Crash.net.

“Third is not impossible, I think that should be our minimum objective for next season.

“I think we will be back to being competitive as a power unit; we will not be the lowest in the field.”

Ferrari has already been dealt a blow with the shock departure of its CEO Louis Camilleri in December, leaving chairman John Elkann to fill the role on an interim basis.

Although Binotto enjoyed the full backing from Camilleri during his period at the team, he insists his exit will have no bearing on Ferrari’s immediate future.

“There are no changes in our plans, no changes in what is our future,” Binotto said.

“I know that my time is not infinite, certainly. I am pretty aware of the fact that…as a team we need to do well and myself as well as principal to do well in the next seasons.”

Ferrari has already confirmed its 2021 car will be named the SF21 ahead of its launch in February, while it also welcomes the arrival of Carlos Sainz from McLaren to partner Charles Leclerc.