Stitch Fix price target raised by $1 at Barclays, here’s why

Barclays raised the firm’s price target on Stitch Fix to $4 from $3 and keeps an Equal Weight rating on the shares. The analyst updated the company’s’ model following the fiscal Q1 results. The firm remains cautious around the trajectory of U.S. active clients but is encouraged that Stitch Fix is attacking its transformation from a position of strength in terms of cash on hand.