Farfetch Ltd (NYSE:FTCH) has received an average rating of “Buy” from the six research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $27.25.

Several equities analysts recently issued reports on the stock. Cowen assumed coverage on shares of Farfetch in a report on Tuesday. They set an “outperform” rating for the company. Wells Fargo & Co assumed coverage on shares of Farfetch in a research report on Tuesday. They issued an “outperform” rating and a $30.00 price objective for the company. Goldman Sachs Group assumed coverage on shares of Farfetch in a research report on Tuesday. They issued a “neutral” rating and a $24.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on shares of Farfetch in a research report on Tuesday. They issued an “overweight” rating and a $27.00 price objective for the company. Finally, UBS Group assumed coverage on shares of Farfetch in a research report on Tuesday. They issued a “buy” rating for the company.

FTCH stock traded up $1.22 during trading on Tuesday, hitting $24.23. 16,930 shares of the stock traded hands, compared to its average volume of 1,737,619. Farfetch has a one year low of $18.39 and a one year high of $32.40.

Farfetch Company Profile

Farfetch Ltd. engages in the retail of fashion and luxury goods. It offers womenswear, menswear, kidswear, vintage, fine watches, and fine jewelry. The company was founded by José Manuel Ferreira Neves on May 15, 2018 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for Farfetch (NYSE:FTCH)

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