Stitch Fix price target lowered to $3.50 from $4.50 at Canaccord

Canaccord analyst Maria Ripps lowered the firm’s price target on Stitch Fix to $3.50 from $4.50 and keeps a Hold rating on the shares. The firm noted they reported fiscal 4Q24 results that were broadly in line to modestly better than expected, although they remained under pressure, with active clients and revenue both slightly above consensus but down ~20% and ~12% year-over-year respectively.