Bernstein maintains Stitch Fix stock at market perform, $5 target

Published 12/03/2025, 15:36
Bernstein maintains Stitch Fix stock at market perform, $5 target

On Wednesday, Bernstein analysts maintained a Market Perform rating for Stitch Fix , Inc. (NASDAQ:SFIX) with a steady price target of $5.00, as the stock currently trades at $3.86. The firm’s analysis followed Stitch Fix’s announcement of a stronger-than-expected performance for the second quarter and upgraded forecasts for the fiscal year 2025. Despite this positive development, analysts noted that substantial revenue growth for the online personal styling service is projected to be at least a year away, with InvestingPro data showing a 14.7% revenue decline in the last twelve months. According to InvestingPro’s Fair Value analysis, the stock appears undervalued at current levels.

Stitch Fix’s recent financial results indicated a deceleration in revenue decline, improved margins, and enhanced key performance indicators, such as average order value and revenue per active customer. The company maintains strong financial health with a current ratio of 1.73, indicating sufficient liquidity to meet short-term obligations. The company’s effective inventory management was also highlighted as a contributing factor to its stabilization. The raised guidance for the fiscal year 2025 is a reflection of the second-quarter beat and heightened expectations for the latter half of the year. InvestingPro subscribers have access to over 10 additional key insights and detailed financial metrics that could help evaluate the company’s turnaround potential.

Management at Stitch Fix has not provided specific guidance beyond the current fiscal year, but the moderating declines in revenue suggest that growth could resume around fiscal year 2026. Analysts observed positive trends in operating metrics, including average order value, client retention, and customer engagement. These trends are seen as encouraging signs of the company’s stabilization.

However, the long-term growth trajectory for Stitch Fix remains uncertain, particularly within a highly competitive and fragmented e-commerce retail landscape. Additionally, macroeconomic uncertainty and weak consumer sentiment could pose challenges to the company’s future performance. Bernstein’s analysts believe that while Stitch Fix is on a path to becoming a profitable and stable business, the timeline and scale of growth are not yet clear.

In other recent news, Stitch Fix reported its second-quarter 2025 financial results, showcasing an earnings per share (EPS) of -$0.05, which was significantly better than the forecasted -$0.17. The company’s revenue reached $312.1 million, exceeding the anticipated $297.3 million, leading to a positive surprise for investors. Despite a 16% year-over-year decline in active clients, Stitch Fix raised its full-year revenue guidance to $1,225-$1,240 million, highlighting resilience in a challenging retail environment. Mizuho (NYSE:MFG) Securities reiterated its Underperform rating on Stitch Fix with a price target of $3.00, noting the company’s improved quarterly results but expressing caution about its future challenges. The analysts at Mizuho acknowledged early positive results from new initiatives but emphasized the complexities of Stitch Fix’s turnaround strategy. Additionally, the company’s management highlighted successful new product offerings and personalization strategies that contributed to the raised guidance. Stitch Fix’s CFO, David Osterhart, mentioned that the company maintains a strong cash position of $230 million with no debt, further emphasizing operational efficiency. The company’s strategic initiatives, including the launch of new private brands and expanded product categories, were noted as contributing factors to its improved performance.

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