Stitch Fix Shares Jump On Solid Q1 Beat, Transformation Efforts Take Hold: Analyst

Shares of Stitch Fix Inc SFIX spiked in early trading on Wednesday, after the company reporting upbeat fiscal first-quarter results.Stitch Fix reported a "solid beat," with fiscal first-quarter adjusted EBITDA of $13.5 million, ahead of the consensus of$7.4 million, according to Telsey Advisory Group. The Stitch Fix Rating: Analyst Dana Telsey maintained a Market Perform rating, while raising the price target from $4 to$6.The Stitch Fix Thesis: The company achieved a "broad-based outperformance," with sal ...