Stitch Fix Inc. (SFIX) Long Term Thesis is Intact, PT Lowered to $75 at KeyBanc
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Go back to Stitch Fix Inc. (SFIX) Long Term Thesis is Intact, PT Lowered to $75 at KeyBanc
March 9, 2021 8:19 AM EST
Stitch Fix (NASDAQ: SFIX) stock is down 22% in pre-open trading Tuesday after the online fashion company reported weaker-than-expected revenue for the quarter ended January 30.
The company reported a loss of $0.20 per share to top the $0.22 expected from the market analysts. Revenues missed the average analysts consensus of $512.2 million, by coming in at $504.1 million.
This level of demand for our model of personalized discovery and radical convenience positions us well to continue to capture share amidst the ongoing shift in the retail landscape, and gives us confidence in our long-term opportunity,... More
March 9, 2021 6:46 AM EST
Needham & Company analyst Rick Patel raised the price target on Stitch Fix, Inc. (NASDAQ: SFIX) to $60.00 (from $55.00) while maintaining a Buy rating.
The analyst commented, "SFIX reported lower than expected F2Q21 (CY 4Q20) revenue, due to external and internal factors.... More
