Farfetch Ltd (FTCH) Stock: Do Analysts Think You Should Hold?

Friday, March 24, 2023 02:55 PM | InvestorsObserver Analysts

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Farfetch Ltd (FTCH) Stock: Do Analysts Think You Should Hold?

Analysts who follow Farfetch Ltd (FTCH) on average expect it to gain 153.95% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns FTCH an Analyst Ranking of 46, which means it ranks higher than 46 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?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Farfetch Ltd Stock Today?

Farfetch Ltd (FTCH) stock is lower by -5.03% while the S&P 500 is up 0.3% as of 2:50 PM on Friday, Mar 24. FTCH is lower by -$0.24 from the previous closing price of $4.67 on volume of 12,250,215 shares. Over the past year the S&P 500 is down -12.38% while FTCH is lower by -71.44%. FTCH earned -$0.11 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 5.73. Click Here to get the full Stock Report for Farfetch Ltd stock.