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Farfetch Limited (FTCH), through its subsidiary, Farfetch.com Limited, provides an online marketplace for luxury goods in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
It operates in three segments: Digital Platform, Brand Platform, and In-Store.
The company operates Farfetch.com, an online marketplace, as well as Farfetch app for retailers and brands. It also offers web design, build, development, and retail distribution solutions for retailers and brands.
In addition, the company operates two Browns retail stores in London; one Stadium Goods retail store in New York; and two New Guards Off-White stores in Las Vegas and New York.
Further, it operates approximately 50 New Guards franchised retail stores. Farfetch Limited was founded in 2007 and is headquartered in London, the United Kingdom. Shares broke out of their bullish "cup and handle" following its latest earnings report. Farfetch reported a 2nd Quarter June 2020 loss of $1.29 per share on revenue of $364.7 million. The consensus estimate was a loss of $0.36 per share on revenue of $300.4 million. T Revenue grew 74.3% on a year-over-year basis. Higher share prices are expected.
Entry Point: $28.50
Stop Loss: $27.00
Trading Range: $5.99 - $31.88
Target Price: $31.00
FTCH closed at $29.20
