UBS Group initiated coverage on shares of Farfetch (NYSE:FTCH) in a research report released on Tuesday, The Fly reports. The firm issued a buy rating on the stock.
Separately, Goldman Sachs Group started coverage on shares of Farfetch in a report on Tuesday. They set a neutral rating and a $24.00 price target for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $27.40.
Shares of NYSE:FTCH opened at $21.00 on Tuesday. Farfetch has a 1 year low of $18.39 and a 1 year high of $32.40.
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.
Read More: What factors cause inflation to rise?
Receive News & Ratings for Farfetch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farfetch and related companies with MarketBeat.com's FREE daily email newsletter.