Farfetch (FTCH) Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Farfetch in the last year. There are currently 1 sell rating, 6 hold ratings and 6 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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13 analysts have issued 12 month price objectives for Farfetch's shares. Their FTCH share price forecasts range from $3.00 to $13.00. On average, they expect the company's share price to reach $6.99 in the next year. This suggests a possible upside of 282.8% 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 61.4% and is now trading at $1.8250.
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Farfetch saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 38,170,000 shares, an increase of 13.0% from the August 15th total of 33,780,000 shares. Based on an average daily volume of 14,550,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 12.5% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
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Farfetch Ltd (NYSE:FTCH) released its quarterly earnings data on Thursday, August, 17th. The company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.36) by $0.03. The business had revenue of $572.09 million for the quarter, compared to the consensus estimate of $657.89 million. Farfetch had a negative trailing twelve-month return on equity of 75.72% and a negative net margin of 37.83%.

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).

Farfetch updated its FY 2023 earnings guidance on Friday, August, 18th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.50 billion-$2.50 billion, compared to the consensus revenue estimate of $2.80 billion.

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 initial public offering 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 acted as the underwriters for the IPO and Credit Suisse, Deutsche Bank Securities, Wells Fargo Securities Cowen and BNP PARIBAS were co-managers.

Farfetch trades on the New York Stock Exchange (NYSE) under the ticker symbol "FTCH."

Farfetch's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (11.24%), Dragoneer Investment Group LLC (8.61%), ArrowMark Colorado Holdings LLC (1.84%), Bank of New York Mellon Corp (1.73%), Stephens Investment Management Group LLC (1.42%) and Contrarius Investment Management Ltd (1.28%).

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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One share of FTCH stock can currently be purchased for approximately $1.83.

Farfetch (NYSE:FTCH) has a market capitalization of $720.56 million and generates $2.32 billion in revenue each year. The company earns $359.29 million in net income (profit) each year or ($2.48) on an earnings per share basis.

The company employs 6,728 workers across the globe.

Farfetch's mailing address is 211 OLD STREET THE BOWER 4TH FLOOR, LONDON X0, EC1V 9NR. The official website for the company is www.farfetchinvestors.com. The company can be reached via phone at 44-20-7549-5400 or via email at ir@farfetch.com.