Credit Suisse Group Initiates Coverage on Farfetch (FTCH)

Credit Suisse Group began coverage on shares of Farfetch (NYSE:FTCH) in a research note published on Tuesday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $28.00 target price on the stock.

A number of other brokerages also recently issued reports on FTCH. JPMorgan Chase & Co. assumed coverage on Farfetch in a research note on Tuesday. They set an overweight rating and a $27.00 target price for the company. Cowen assumed coverage on Farfetch in a research note on Tuesday. They set an outperform rating for the company. Wells Fargo & Co assumed coverage on Farfetch in a research note on Tuesday. They set an outperform rating and a $30.00 target price for the company. Goldman Sachs Group assumed coverage on Farfetch in a research note on Tuesday. They set a neutral rating and a $24.00 target price for the company. Finally, UBS Group assumed coverage on Farfetch in a research note on Tuesday. They set a buy rating for the company. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Farfetch currently has a consensus rating of Buy and a consensus target price of $26.83.

FTCH opened at $21.00 on Tuesday. Farfetch has a 52 week low of $18.39 and a 52 week 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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