Farfetch Limited
FTCH
pitch
long
null
Thesis
Farfetch is positioned to capture a larger share of the luxury goods market, which is expected to grow significantly. Despite current concerns about its high take rate, the company's growth trajectory and potential to reach a 5.3% market share by 2030 suggest substantial upside. The valuation indicates a target price of $40, representing a 48% upside over three years.
Did it work?
failed
confidence: high
The stock price has decreased by 99.9% since the pitch, which is a significant failure for a long thesis. The thesis anticipated a substantial upside based on market share growth and a target price of $40, but the actual performance has been drastically negative, indicating that the company's prospects have not materialized as expected.
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