Fintel reports that on November 30, 2023, Citigroup upgraded their outlook for Farfetch Ltd - (NYSE:FTCH) from Sell to Neutral .
Analyst Price Forecast Suggests 299.91% Upside
As of November 27, 2023, the average one-year price target for Farfetch Ltd - is 4.68. The forecasts range from a low of 1.52 to a high of $13.65. The average price target represents an increase of 299.91% from its latest reported closing price of 1.17.
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The projected annual revenue for Farfetch Ltd - is 2,793MM, an increase of 18.80%. The projected annual non-GAAP EPS is -1.05.
What is the Fund Sentiment?
There are 279 funds or institutions reporting positions in Farfetch Ltd -. This is a decrease of 24 owner(s) or 7.92% in the last quarter. Average portfolio weight of all funds dedicated to FTCH is 0.16%, a decrease of 62.85%. Total shares owned by institutions decreased in the last three months by 11.60% to 256,486K shares. 
The put/call ratio of FTCH is 0.92, indicating a bullish outlook.
What are Other Shareholders Doing?
Baillie Gifford holds 43,556K shares representing 11.01% ownership of the company. In it's prior filing, the firm reported owning 44,383K shares, representing a decrease of 1.90%. The firm decreased its portfolio allocation in FTCH by 63.55% over the last quarter.
Point72 Asset Management holds 12,724K shares representing 3.22% ownership of the company. In it's prior filing, the firm reported owning 5,026K shares, representing an increase of 60.50%. The firm decreased its portfolio allocation in FTCH by 14.05% over the last quarter.
Contrarius Investment Management holds 11,539K shares representing 2.92% ownership of the company. In it's prior filing, the firm reported owning 5,037K shares, representing an increase of 56.34%. The firm decreased its portfolio allocation in FTCH by 17.20% over the last quarter.
Viking Global Investors holds 10,844K shares representing 2.74% ownership of the company. In it's prior filing, the firm reported owning 4,770K shares, representing an increase of 56.02%. The firm decreased its portfolio allocation in FTCH by 22.02% over the last quarter.
T. Rowe Price Investment Management holds 8,754K shares representing 2.21% ownership of the company. No change in the last quarter.
Farfetch Background Information
(This description is provided by the company.)
Farfetch Limited is the leading global platform for the luxury fashion industry. Founded in 2007 by José Neves for the love of fashion, and launched in 2008, Farfetch began as an e-commerce marketplace for luxury boutiques around the world. Today the Farfetch Marketplace connects customers in over 190 countries with items from more than 50 countries and over 1,300 of the world's best brands, boutiques and department stores, delivering a truly unique shopping experience and access to the most extensive selection of luxury on a single platform. Farfetch's additional businesses include Farfetch Platform Solutions, which services enterprise clients with e-commerce and technology capabilities; Browns and Stadium Goods, which offer luxury products to consumers; and New Guards Group, a platform for the development of global fashion brands. Farfetch also invests in innovations such as its Store of the Future augmented retail solution, and develops key technologies, business solutions, and services for the luxury fashion industry.
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