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Fly News Breaks for August 2, 2018
SFIX
Aug 2, 2018 | 08:06 EDT
Wells Fargo analyst Ike Boruchow started Stitch Fix with a Market Perform and a $30 price target. While the analyst sees a major opportunity for it to capture more market share in the women's subscription apparel market and estimates that the company can capture an additional $4B of the TAM over the next 10 years, he thinks the growth could continue to come at the expense of margins as expansion into new categories should be a headwind to margins until the company reaches scale.
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