Oppenheimer analyst Jason Helfstein lowered the firm’s price target on Farfetch to $7 from $14 and keeps an Outperform rating on the shares following the company’s analyst day. In addition to lower 2025 EBITDA guidance, mix is weighted to lower multiple Brand Platform, the analyst notes. Meanwhile, Marketplace appears to be maturing, with growth in line with industry, Helfstein adds.
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