Why Shares of Farfetch Stock Were Climbing Higher This Week
Shares of Farfetch (NYSE: FTCH) were climbing higher this week, according to data from S&P Global Market Intelligence. The online luxury platform saw some good news from its partnership with luxury holding company Richemont as well as developments with the important Chinese market. Shares are up 13.3% this week as of 12:54 p.m. ET but are still off around 97% from all-time highs set during the pandemic.
While these news reports are helpful, only one thing will matter for investors in Farfetch over the long term: profits.
Source Fool.com
Farfetch Ltd Stock
€0.010
25.000%
Currently there is a rather positive sentiment for Farfetch Ltd with 3 Buy predictions and 1 Sell predictions.
Based on the current price of 0.01 € the target price of 8 € shows a potential of 79900.0% for Farfetch Ltd which would more than double the current price.
