KeyBanc analyst Noah Zatzkin maintained Farfetch Ltd
Noah Zatzkin expects 4Q as no different. He continues to view 2022 as a year of refinement and stabilization and expects more robust growth and profitability in 2023. The 12/1 capital markets day as a potentially meaningful positive catalyst. Wells Fargo analyst Ike Boruchow reiterated Overweight with a $25 price target. FTCH delivered a squishy 3Q print as macro factors drag on GMV and margins.
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