Bernstein raised the firm’s price target on Stitch Fix (SFIX) to $6 from $4.50 and keeps a Market Perform rating on the shares. After over three years of revenue declines, Stitch Fix has posted its second consecutive quarter of growth, driven by double digit growth in AOV and RPAC as well as slowing active client declines as re-engagement, new client adds, and current client engagement have all been improving. FY26 is guided to revenue growth, driven by a Q3 inflection in quarter-over-quarter net active client adds and continued RPAC expansion.
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