Stitch Fix shares to remain range-bound in near-term, says Truist

Truist keeps a Hold rating on Stitch Fix after the company’s Q4 results. The company’s ongoing turnaround strategy of strengthening its operational and financial foundations while improving the client experience is showing green shoots, but this progress is being more than offset by the on-going client losses, the analyst tells investors in a research note. Truist adds that with revenue and active clients not likely to show y/y growth until the end of FY26, the firm remains on the sidelines, believing the stock will be range-bound over near-to-medium term.