Barclays analyst Trevor Young lowered the firm’s price target on Stitch Fix to $4 from $5 and keeps an Equal Weight rating on the shares. The company’s fiscal Q1 revenue missed estimates but EBITDA was ahead. Fiscal Q2 was guided below and the fiscal 2023 outlook was lowered as macro and the competitive environment pressures active client growth, Young tells investors in a research note.
Published first on TheFly
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