Farfetch (FTCH) PT Lowered to $34 at BTIG

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Go back to Farfetch (FTCH) PT Lowered to $34 at BTIG

Farfetch Limited (FTCH) Stock Explodes 30% on Better-Than-Feared Results, Analyst Sees Signs of Stabilization and a Compelling Setup for 2022

February 25, 2022 9:25 AM EST

Shares of Farfetch (NYSE: FTCH) are up 30% in pre-open Friday after the luxury retailer reported better-than-expected results.

Farfetch reported Q4 EPS of ($0.03), in-line with the analyst estimate of ($0.03). Revenue for the quarter came in at $666 million versus the consensus estimate of $676.9 million.

José Neves, Farfetch Founder, Chairman and CEO said: Our fourth quarter results clearly demonstrate the strong momentum behind the Farfetch platform. We exit the year having once again... More