Do Analysts Expect Farfetch Ltd (FTCH) Stock to Rise After It Is Lower By -43.36% in a Month?

Tuesday, May 24, 2022 11:48 AM | InvestorsObserver Analysts

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Do Analysts Expect Farfetch Ltd (FTCH) Stock to Rise After It Is Lower By -43.36% in a Month?

Wall Street is positive on Farfetch Ltd (FTCH). On average, analysts give the stock a Strong Buy rating. The average price target is $35.583, which means analysts expect the stock to add by 414.95% over the next twelve months. That average ranking earns the stock an Analyst Rating of 68, which is better than 68% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating FTCH a Strong Buy today. Find out what this means to you and get the rest of the rankings on FTCH!

See Full FTCH Report

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Farfetch Ltd Stock Today?

Farfetch Ltd (FTCH) stock is trading at $6.91 as of 11:48 AM on Tuesday, May 24, a loss of -$0.70, or -9.26% from the previous closing price of $7.61. The stock has traded between $6.53 and $7.34 so far today. Volume today is light. So far 6,076,655 shares have traded compared to average volume of 10,594,377 shares. Click Here to get the full Stock Report for Farfetch Ltd stock.