Stitch Fix Inc. (SFIX) Long Term Thesis is Intact, PT Lowered to $75 at KeyBanc

March 9, 2021 6:35 AM EST
Get Alerts SFIX Hot Sheet
Price: $46.58 +4.04%

Rating Summary:
    11 Buy, 10 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 13 | New: 41
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

KeyBanc analyst Edward Yruma lowered the price target on Stitch Fix, Inc. (NASDAQ: SFIX) to $75.00 (from $95.00) noting headwinds from delivery delays and a delay to full direct buy rollout.

The analyst reiterated the Overweight rating on the belief that the longer term framework remains intact. He stated "SFIX encountered both outbound and return delays, which impacted revenue timing as well as reverse logistics. SFIX continues to fine-tune the cold start capability of direct buy as well as the overall process, and timing has been adjusted accordingly. We believe that SFIX will be a beneficiary of reopening and remains well positioned to drive continued share gains."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities