Wall Street

The Analysts Rip The Seams Out Of Stitch Fix

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ValueWalk

The Stitch Fix Growth Story Comes Apart At The SeamsStitch Fix (NASDAQ:SFIX) has been an interesting growth story but one that is coming apart at the seams. The pandemic, the stimulus, and the channel shift to eCommerce that ensued helped to extend the company’s track record but ultimately set it up for an even bigger fall. Today, after a very disappointing FQ3 report, the analyst price target reductions are rolling in and we don’t think this is the end of the trend. Only the beginning. Inflation is through the roof and interest rates are on the rise which tells us discretionary spending will …

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