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.
