Stitch Fix Shares Rip Higher After Q3 Earnings: What Do Analysts Think?


Stitch Fix Inc (NASDAQ:SFIX) shares were trading 12% higher Tuesday after the company reported a third-quarter earnings beat and raised its full-year guidance.

Telsey Advisory Group analyst Dana Telsey said the company’s strong active giant growth was a highlight of the quarter. “With a strong reception to several new features including direct-buy and fix preview driving greater engagement and improved selling metrics, we continue to view SFIX as well positioned to take share in the apparel category, benefiting from the flexibility of its all-digital model,” Telsey wrote.

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