Farfetch Stock Forecast, Price & News

Farfetch's stock was trading at $9.70 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FTCH shares have increased by 539.5% and is now trading at $62.03.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Farfetch in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Farfetch stock.
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6,978 employees have rated Farfetch CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Farfetch's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Farfetch is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Farfetch.

Farfetch Ltd (NYSE:FTCH) announced its earnings results on Thursday, November, 12th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.42) by $0.25. The business had revenue of $438 million for the quarter, compared to analyst estimates of $370.39 million. Farfetch had a negative net margin of 77.29% and a negative return on equity of 81.22%. Farfetch's revenue was up 71.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.18) earnings per share.
View Farfetch's earnings history.

13 equities research analysts have issued 1 year price objectives for Farfetch's shares. Their forecasts range from $20.00 to $70.00. On average, they expect Farfetch's share price to reach $49.62 in the next twelve months. This suggests that the stock has a possible downside of 20.0%.
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Some companies that are related to Farfetch include Fidelity National Information Services (FIS), NetEase (NTES), Global Payments (GPN), eBay (EBAY), CoStar Group (CSGP), Zillow Group (ZG), MSCI (MSCI), Zillow Group (Z), Etsy (ETSY), FLEETCOR Technologies (FLT), Trip.com Group (TCOM), Akamai Technologies (AKAM), Broadridge Financial Solutions (BR), Lyft (LYFT) and Fair Isaac (FICO).
View all of FTCH's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Farfetch investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), PayPal (PYPL), Square (SQ), The 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 $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 investors include Pendal Group Limited (0.00%), DNB Asset Management AS (0.00%), Sowell Financial Services LLC (0.00%) and Sterling Investment Advisors Ltd. (0.00%).

FTCH stock was bought by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Pendal Group Limited, Sowell Financial Services LLC, and Sterling Investment Advisors Ltd..

Shares of FTCH 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.

One share of FTCH stock can currently be purchased for approximately $62.03.

Farfetch has a market capitalization of $21.07 billion and generates $1.02 billion in revenue each year. The company earns $-385,300,000.00 in net income (profit) each year or ($1.21) on an earnings per share basis. Farfetch employs 4,532 workers across the globe.

The official website for Farfetch is www.farfetchinvestors.com.

Farfetch's mailing address is 211 OLD STREET THE BOWER 4TH FLOOR, LONDON X0, EC1V 9NR. The company can be reached via phone at 44-20-7549-5400 or via email at [email protected]