Certificati di investimento - Cap. 4 (2 lettori)

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Losco&Lasco

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BUZZ-Farfetch rallies after qtrly beat
14/05/2021 15:41 RSF
** Shares of online luxury retailer Farfetch (FTCH.N) up ~12% at $41.81 early Fri after results top Wall St estimates
** Stock snapping 7-session skid and on track for biggest one-day pct gain in 6 months
** Co's Q1 sales beat consensus as overall gross merchandise value (GMV) grows ~54% yr/yr
** Forecasts digital platform GMV of $3.725-$3.865 bln, representing 35%-40% yr/yr growth
** Cowen in note says solid qtr and recent stock pullback provides buying opportunity, adding FTCH continues to be top luxury idea
** But at least 4 brokerages cut PTs; UBS goes to $65 from $80, JPM to $53 from $72
** Avg rating among 16 analysts is "buy"; median PT is $68, per Refinitiv data
** FTCH shares were battered in Mar and Apr when co was caught up in meltdown of hedge fund Archegos Capital Management (news)
 
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