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Markets · Investing · Business
Finance
Why Figs Stock Keeps Going Up
Figs stock exploded on Friday -- and is still cheap.
For the fourth day in a row, Figs(NYSE: FIGS) stock is growing -- up 3.5% through 9:45 a.m. ET -- and some analysts think it's ripe for more.
Shares of the supplier of scrubs to medical industry workers gained for two days ahead of earnings last week -- then surged nearly 27% on earnings day after reporting twice as much profit as Wall Street had forecast. Not everyone was impressed; Telsey Advisory lowered its price target on Figs stock to $16 after the report. But two other analysts, Adrienne Yih at Barclays and Ashley Owens at KeyBanc, begged to differ -- both raising their price targets to $20 per share.
Details
And predicting Figs stock could rise another 36% in the next 12 months.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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