Canaccord raised the firm’s price target on Stitch Fix (SFIX) to $6 from $5 and keeps a Hold rating on the shares. The firm said Stitch Fix’s fiscal Q1 results came in ahead of expectations, with active customers slightly ahead of consensus, while revenue and adj. EBITDA were both solidly above, although both active clients and revenue were still down in the double-digits year-over-year.
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Read More on SFIX:
- Stitch Fix Reports Q1 2025 Financial Results
- Closing Bell Movers: Dave & Busters down 11% after Q3 miss
- SFIX Earnings: Stitch Fix Stock Rises 23% as Company’s Loss Narrows
- Stitch Fix jumps 18% to $5.45 after Q1 earnings beat, above-consensus guidance
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