Farfetch (FTCH) PT Lowered to $42 at Cowen

Farfetch (FTCH) Shares Crash 23% Following Earnings, Analysts Lower PTs but Remain Positive as 'Power of Platform Still Evident'

November 19, 2021 7:06 AM EST

Shares of Farftech Limited (NYSE: FTCH) are down nearly 23% in pre-open Friday after the company reported worse-than-expected Q3 results.

Farfetch reported Q3 EPS of ($0.17) which is better than the analyst estimate of ($0.36). Revenue for the quarter came in at $583 million versus the consensus estimate of $591.34 million. GMV soared 97% on a 2-year basis.

We are seeing strong industry traction behind our platform strategy. Over 1,400 brands and retailers are not only listing more luxury products than ever, but also driving record media solutions revenue in recognition of our highly... More

Farfetch (FTCH) PT Lowered to $71 at Credit Suisse

November 19, 2021 6:17 AM EST

Credit Suisse analyst Stephen Ju lowered the price target on Farfetch (NYSE: FTCH) to $71.00 (from $77.00) while maintaining a Outperform rating.... More

Farfetch (FTCH) PT Lowered to $50 at BTIG

November 19, 2021 5:40 AM EST

BTIG analyst Marvin Fong lowered the price target on Farfetch (NYSE: FTCH) to $50.00 (from $53.00) while maintaining a Buy rating.... More

Farfetch (FTCH) PT Lowered to $60 at KeyBanc

November 19, 2021 4:03 AM EST

KeyBanc analyst Edward Yruma lowered the price target on Farfetch (NYSE: FTCH) to $60.00 (from $75.00) while maintaining a Overweight rating.... More

Farfetch (FTCH) PT Lowered to $68 at Morgan Stanley

November 19, 2021 12:47 AM EST

Morgan Stanley analyst Lauren Schenk lowered the price target on Farfetch (NYSE: FTCH) to $68.00 (from $70.00) while maintaining a Overweight rating.... More

After-Hours Stock Movers 11/18: (TUSK) (INTU) Higher; (FTCH) (AQB) (WDAY) Lower (more...)

November 18, 2021 5:59 PM EST

After-Hours Stock Movers:

Mammoth Energy Services (NASDAQ: TUSK) 33% HIGHER; announced that its wholly owned subsidiary, Aquawolf LLC, a Denver-headquartered provider of infrastructure engineering services, has been awarded a contract by a major utility to provide engineering and design service for the building of Electric Vehicle ("EV") charging station infrastructure to support its clean transportation initiatives.

Farfetch Limited... More

Farfetch Limited (FTCH) Stock Plunges 23% Following Q3 Results

November 18, 2021 5:26 PM EST

Farfetch Limited (NYSE: FTCH) shares dropped more than 23% after-hours following the companys reported Q3 results, with EPS coming in at ($0.17), better than the consensus estimate of ($0.36). Quarterly revenue grew 33% year-over-year to $583 million, compared to the consensus estimate of $591.34 million.

GMV increased by 27.5% year-over-year to... More

Farfetch Limited (FTCH) Tops Q3 EPS by 19c

November 18, 2021 4:08 PM EST

Farfetch Limited (NYSE: FTCH) reported Q3 EPS of ($0.17), $0.19 better than the analyst estimate of ($0.36). Revenue for the quarter came in at $583 million versus the consensus estimate of $591.34 million.

Digital Platform Gross Merchandise Value (GMV) two-year growth accelerates to 97% in Q3 2021; Generates $828 million Digital Platform GMV, up... More