UBS Downgrades Farfetch to Neutral, Lowers Price Target to $10
UBS analyst Kunal Madhukar downgrades Farfetch (NYSE:FTCH) from Buy to Neutral and lowers the price target from $13 to $10.
Farfetch, Luxury Online Merchant, To Start Accepting ETH, BTC, BNB, Other Cryptocurrencies
Farfetch (NYSE: FTCH) announced a partnership Friday with the Lunu platform stating that they are to start accepting payments in seven different cryptocurrencies, including Bitcoin (CRYPTO: BTC), Ethereum
Cowen & Co. Maintains Outperform on Farfetch, Lowers Price Target to $11
Cowen & Co. analyst Oliver Chen maintains Farfetch (NYSE:FTCH) with a Outperform and lowers the price target from $30 to $11.
70 Biggest Movers From Friday
Gainers
Avadel Pharmaceuticals plc (NASDAQ: AVDL) shares climbed 133.6% to close at $2.50 on Friday. Avadel Pharmaceuticals shares dipped 68% on Thursday after announcing new FDA request for experimental narcolepsy drug.
41 Stocks Moving In Friday’s Mid-Day Session
Gainers
Avadel Pharmaceuticals plc (NASDAQ: AVDL) shares rose 60.2% to $1.7136. Avadel Pharmaceuticals shares dipped 68% on Thursday after announcing new FDA request for experimental narcolepsy drug.
Analyst Ratings for Farfetch
Farfetch (NYSE:FTCH) has observed the following analyst ratings within the last quarter:
Wedbush Maintains Neutral on Farfetch, Lowers Price Target to $8
Wedbush analyst Tom Nikic maintains Farfetch (NYSE:FTCH) with a Neutral and lowers the price target from $16 to $8.
Farfetch Q1 Adj. EPS $(0.24) Beats $(0.28) Estimate, Sales $514.80M Miss $560.27M Estimate
Farfetch (NYSE:FTCH) reported quarterly losses of $(0.24) per share which beat the analyst consensus estimate of $(0.28) by 14.29 percent. This is a 9.09 percent decrease over losses of $(0.22) per share from the same
Earnings Scheduled For May 26, 2022
Companies Reporting Before The Bell
• American Woodmark (NASDAQ:AMWD) is likely to report quarterly earnings at $1.34 per share on revenue of $493.20 million.