My Top Growth Stock for 2021
Investors looking for the next industry disruptor with the potential to deliver wealth-building gains should look no further than Stitch Fix (NASDAQ: SFIX). The platform delivers two things that shoppers highly value -- personalization and speed -- and the company's focus on these attributes is about to take its revenue growth to another level.
The stock price broke out of a two-year slump toward the end of 2020 after management issued a strong forecast for fiscal 2021 in its most recent earnings report. Here's why now is the time to add Stitch Fix to your portfolio.
Stitch Fix has all the ingredients of a monster stock in the making. It is a relatively small company, with a $6.2 billion market capitalization. That's 3.5 times its trailing-12-month revenue of $1.75 billion, which is a tiny slice of the $1.5 trillion global apparel industry.
Source Fool.com
