Is Stitch Fix Stock a No-Brainer Buy?
Stitch Fix's (NASDAQ: SFIX) stock price is up over 500% since its initial public offering three years ago. The shares didn't go anywhere for a few years, but in the last few months, the stock has shot to the stratosphere.
The personalized styling service suffered a setback during the pandemic with revenue growth decelerating during the worst of the crisis. But with management forecasting revenue growth to accelerate back above the 20% level in the year ahead, the recent breakout in the stock's performance could be just the beginning of more gains to come.
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Source Fool.com
