In a report released today, Noah Zatzkin from KeyBanc maintained a Buy rating on Farfetch (FTCH – Research Report), with a price target of $11.00. The company’s shares closed last Friday at $7.11.
According to TipRanks, Zatzkin is an analyst with an average return of -11.0% and a 38.89% success rate. Zatzkin covers the Consumer Goods sector, focusing on stocks such as G-III Apparel Group, Nordstrom, and Farfetch.
Farfetch has an analyst consensus of Strong Buy, with a price target consensus of $13.13, an 84.67% upside from current levels. In a report released on January 18, Morgan Stanley also maintained a Buy rating on the stock with a $20.00 price target.
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FTCH market cap is currently $2.71B and has a P/E ratio of 4.27.
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Farfetch Ltd. engages in the provision of technology platform for the luxury fashion industry. It operates through the following segments: Farfetch Marketplace, Farfetch Black and White, Farfetch Store of the Future, and Browns stores. The Farfetch Marketplace runs Farfetch.com website and app. The Farfetch Black and White Solutions relates to white label website solution for luxury brands. The Farfetch Store of the Future delivers technology solutions to retail outlets. The Browns stores involves in management of luxury boutiques. Its products include womenswear, menswear, kidswear, vintage, fine watches, and fine jewelry. The company was founded by José Manuel Ferreira Neves in 2007 and is headquartered in London, the United Kingdom.
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