Stitch Fix (SFIX) PT Set at $29.00 by Piper Jaffray Companies

Stitch Fix (NASDAQ:SFIX) received a $29.00 price objective from equities research analysts at Piper Jaffray Companies in a research note issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Piper Jaffray Companies’ target price suggests a potential upside of 25.05% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. Barclays began coverage on Stitch Fix in a report on Tuesday, December 12th. They set an “equal weight” rating and a $26.00 price target for the company. Royal Bank of Canada began coverage on Stitch Fix in a report on Tuesday, December 12th. They set an “outperform” rating and a $29.00 price target for the company. J P Morgan Chase & Co began coverage on Stitch Fix in a report on Tuesday, December 12th. They set a “neutral” rating and a $25.00 price target for the company. Goldman Sachs Group began coverage on Stitch Fix in a report on Tuesday, December 12th. They set a “neutral” rating and a $23.00 price target for the company. Finally, Stifel Nicolaus began coverage on Stitch Fix in a report on Tuesday, December 12th. They set a “hold” rating and a $22.00 price target for the company. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $25.83.

Stitch Fix (NASDAQ SFIX) traded up $0.85 during trading hours on Wednesday, hitting $23.19. The company had a trading volume of 1,185,100 shares, compared to its average volume of 1,599,339. Stitch Fix has a 12-month low of $14.48 and a 12-month high of $25.98.

Stitch Fix (NASDAQ:SFIX) last released its earnings results on Tuesday, December 19th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $295.60 million for the quarter, compared to analysts’ expectations of $294.97 million. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. analysts forecast that Stitch Fix will post 0.26 EPS for the current fiscal year.

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