Farfetch (FTCH) Stock Could Hit $18: Analyst

By Amit Chowdhry ● Dec 9, 2022
  • The shares of Farfetch (FTCH) recently received an $18 price target. These are the details.

The shares of Farfetch (FTCH) recently received an $18 price target.

Wells Fargo analysts adjusted the rating after noting that the company held its first Investor Day since going public in 2018. And the company management laid out a goal to reach over $10 billion GMV by 2025 with a much heavier emphasis on profitability. But the analysts believe the Marketplace is planned to grow just over 8% to 10% annually and reach a 5% margin.

Overview

Price target: Reduced from $25 to $18

Rating: Overweight

Analyst firm: Wells Fargo