Farfetch (NYSE: FTCH) is up-trending with slow growth

The prominent internet retailer Farfetch has started surging since April from as low as $7.05 to today’s $27.36. Friday’s 0.76% loss was an ignition to grow even further towards $50 as a short term goal.

The pandemic provides an enormous opportunity for e-commerce to earn as much as capable until the COVID-19 finally disappears. Farfetch is still enjoying that benefit together with its stock which keeps rising despite jobless claims and economic recession similar to 1930’s great depression.

As up-trending stock FTCH is luring long term players to invest with the hope of getting significant dividends. While Farfetch is a cheap stock investor with a tight budget may see it as a reliable opportunity to increase his own wealth.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.