Analyst Ratings Coverage
Far Fetched is a company that has recently received analyst ratings reports and target price updates from several financial institutions. These ratings provide insights into how analysts perceive the company’s future prospects and indicate their recommendations for investors.
Analyst Ratings Reports for Far Fetched stock as of May 19, 2023:
UBS has maintained a “Neutral” rating on Far Fetched stock and has revised the target price range from USD 5 to USD 5.25. This suggests that UBS expects the stock to remain relatively stable in the near term, with a slight potential upside within the specified range.
Wedbush Securities has reiterated a “Neutral” rating on Far Fetched stock, with a target price of USD 5. This indicates their belief that the stock is fairly valued and may not experience significant changes in the foreseeable future.
Piper Jaffray Companies has maintained a “Neutral” rating on Far Fetched stock and revised the target price range from USD 7 to USD 6. This implies a more cautious outlook, suggesting that the stock may face some challenges or uncertainties that could potentially limit its upward potential.
The “Neutral” ratings provided by UBS, Wedbush Securities, and Piper Jaffray Companies collectively indicate a consensus among these analysts that the stock is expected to perform in line with the overall market and may not offer significant outperformance or underperformance.
FTCH Stock Forecast & Analysis
According to the forecast provided by 15 analysts, the average target price for Farfetch Ltd Class A stock over the next 12 months is estimated to be USD 11.69. This suggests a potential upside for investors if the stock reaches the projected target price. Additionally, the average analyst rating for Farfetch Ltd Class A is “Strong Buy,” indicating a highly positive sentiment among analysts regarding the company’s future prospects.
Stock Target Advisor’s own stock analysis of Farfetch Ltd Class A yields a “Neutral” rating. This analysis is based on a combination of five positive signals and five negative signals identified by their analysis. It’s important to note that this rating might differ from the average analyst rating as it incorporates additional factors and signals specific to Stock Target Advisor’s methodology.
At the last closing, the stock price of Farfetch Ltd Class A stood at USD 4.34. Over the past week, the stock price has experienced a positive change of +5.34%. However, over the past month, the stock price has seen a decline of -5.45%, and over the last year, it has decreased by -45.34%. These fluctuations indicate volatility in Farfetch Ltd Class A’s performance over time.
In a overview of the recent analyst ratings coverage, the average analyst target price for Farfetch Ltd Class A is USD 11.69, indicating a positive outlook for the company’s stock. The average analyst rating is “Strong Buy,” reflecting a highly positive sentiment among analysts. In comparison, Stock Target Advisor’s own analysis yields a “Neutral” rating, indicating a more cautious stance.