Stitch Fix Revenues In Q3 To Be Dragged By Active Client Declines, Macroeconomic Woes, Analyst Says
Portfolio Pulse from Nabaparna Bhattacharya
Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Stitch Fix (NASDAQ:SFIX) with a price target of $5. The analyst anticipates a revenue decline for the fifth consecutive quarter driven by active client declines and macroeconomic challenges. Stitch Fix is also searching for a permanent CEO and faces challenges in onboarding new customers.
May 31, 2023 | 6:16 pm
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Stitch Fix faces a revenue decline for the fifth consecutive quarter due to active client declines and macroeconomic challenges. The company is also searching for a permanent CEO and faces challenges in onboarding new customers.
The analyst anticipates a revenue decline for the fifth consecutive quarter driven by active client declines and macroeconomic challenges. Additionally, the company is searching for a permanent CEO and faces challenges in onboarding new customers. These factors are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100