Goldman Sachs Group Initiates Coverage on Stitch Fix (SFIX)
Equities research analysts at Goldman Sachs Group assumed coverage on shares of Stitch Fix (NASDAQ:SFIX) in a research note issued to investors on Tuesday. The brokerage set a “neutral” rating and a $23.00 price target on the stock. Goldman Sachs Group’s target price would suggest a potential downside of 3.85% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus began coverage on Stitch Fix in a report on Tuesday. They issued a “hold” rating and a $22.00 price objective for the company. William Blair began coverage on Stitch Fix in a report on Tuesday. They issued an “outperform” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.67.
Stitch Fix (NASDAQ SFIX) traded up $0.38 during midday trading on Tuesday, reaching $23.92. The company’s stock had a trading volume of 426,100 shares, compared to its average volume of 1,720,253. Stitch Fix has a 1-year low of $14.48 and a 1-year high of $25.38.
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