Farfetch Stock Price, News & Analysis (NYSE:FTCH)

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Farfetch in the last year. There are currently 1 sell rating, 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FTCH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FTCH, but not buy additional shares or sell existing shares.
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14 Wall Street analysts have issued 1-year price targets for Farfetch's shares. Their FTCH share price targets range from $1.50 to $13.00. On average, they predict the company's stock price to reach $6.31 in the next year. This suggests a possible upside of 394.7% from the stock's current price.
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Farfetch's stock was trading at $4.73 on January 1st, 2023. Since then, FTCH shares have decreased by 73.0% and is now trading at $1.2750.
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Farfetch saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 47,730,000 shares, an increase of 5.0% from the October 15th total of 45,450,000 shares. Based on an average daily volume of 15,260,000 shares, the short-interest ratio is presently 3.1 days.
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Farfetch Ltd (NYSE:FTCH) announced its earnings results on Thursday, November, 18th. The company reported ($0.84) earnings per share for the quarter, missing analysts' consensus estimates of ($0.36) by $0.48. The company had revenue of $582.57 million for the quarter, compared to analysts' expectations of $591.34 million. Farfetch had a negative net margin of 37.83% and a negative trailing twelve-month return on equity of 75.72%. Farfetch's revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.50) earnings per share.

ETFs with the largest weight of Farfetch (NYSE:FTCH) stock in their portfolio include Tema Luxury ETF (LUX), ProShares Online Retail ETF (ONLN), BNY Mellon Innovators ETF (BKIV), Fidelity Disruptive Technology ETF (FDTX), ProShares Long Online/Short Stores ETF (CLIX), Neuberger Berman Next Generation Connected Consumer ETF (NBCC), Harbor Disruptive Innovation ETF (INNO) and Harbor Corporate Culture Small Cap ETF (HAPS).

342 employees have rated Farfetch Chief Executive Officer José Neves on Glassdoor.com. José Neves has an approval rating of 96% among the company's employees. This puts José Neves in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Farfetch investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), PayPal (PYPL), Block (SQ), Walt Disney (DIS), Netflix (NFLX), Tesla (TSLA), Alibaba Group (BABA), Intel (INTC) and JD.com (JD).

(FTCH) raised $600 million in an IPO on Friday, September 21st 2018. The company issued 37,500,000 shares at a price of $15.00-$17.00 per share. Goldman Sachs, J.P. Morgan, Allen & Company and UBS Investment Bank served as the underwriters for the IPO and Credit Suisse, Deutsche Bank Securities, Wells Fargo Securities Cowen and BNP PARIBAS were co-managers.

Farfetch's stock is owned by many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (11.03%), Morgan Stanley (6.84%), Walleye Trading LLC (0.00%), Invesco Ltd. (1.87%), KPS Global Asset Management UK Ltd (1.27%) and Group One Trading L.P. (0.00%).

Shares of FTCH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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