Shopify is finding plenty of places to invest cash right now, which should hopefully get its valuation heading back up. Read More...
Motley Fool
Farfetch Stock Jumped Today. Is It a Buy?
Shares of Farfetch (NYSE: FTCH) were flying higher today, finishing up 39% after the online luxury fashion company posted fourth-quarter earnings results that showed surprising profit growth and reassured investors of its long-term growth opportunity. For 2022, management expects revenue growth to accelerate from the fourth quarter, calling for 28% to 32% gross merchandise value growth on its digital platform, where it generates the majority of its revenue and profits. There’s a lot to like about the company as it’s the leader in online luxury fashion, an underpenetrated area, selling products from more than 570 brands, including Chanel, Prada, and Gucci.
Add Comment