FIGS (NYSE:FIGS) Price Target Cut to $16.00 by Analysts at Telsey Advisory Group

Key Points

• Telsey Advisory Group cut FIGS’ price target from $17 to $16 while maintaining a “market perform” rating; the new target implies approximately 43% upside from the cited $11.18 share price.
• Analyst sentiment remains mixed, with five Buy ratings and six Holds, producing an overall “Hold” consensus and an average price target of $17.50.
• FIGS reported quarterly earnings of $0.03 per share and revenue of $159.9 million, beating estimates, while revenue increased 28% year over year. Institutional investors own approximately 92.21% of the company’s shares.

FIGS (NYSE:FIGS - Get Free Report) had its price objective decreased by research analysts at Telsey Advisory Group from $17.00 to $16.00 in a research report issued on Friday. The firm currently has a "market perform" rating on the stock. Telsey Advisory Group's price target would indicate a potential upside of 43.07% from the company's current price.

A number of other brokerages have also recently commented on FIGS. Weiss Ratings cut shares of FIGS from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, May 13th. Morgan Stanley boosted their price objective on FIGS from $8.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday, April 13th. Zacks Research lowered FIGS from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 8th. KeyCorp restated an "overweight" rating and set a $20.00 target price on shares of FIGS in a research report on Friday. Finally, BTIG Research raised their target price on FIGS from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $17.50.

FIGS Stock Performance

Shares of NYSE FIGS opened at $11.18 on Friday. The company's 50 day moving average price is $10.87 and its 200-day moving average price is $12.49. FIGS has a 52-week low of $6.07 and a 52-week high of $17.48. The company has a market capitalization of $1.87 billion, a P/E ratio of 50.83 and a beta of 1.03.

FIGS (NYSE:FIGS - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $159.90 million during the quarter, compared to analysts' expectations of $153.15 million. FIGS had a net margin of 6.10% and a return on equity of 9.69%. FIGS's revenue for the quarter was up 28.0% on a year-over-year basis. Analysts forecast that FIGS will post 0.26 earnings per share for the current year.

Institutional Investors Weigh In On FIGS

Several hedge funds and other institutional investors have recently bought and sold shares of FIGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of FIGS by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,219 shares of the company's stock valued at $354,000 after buying an additional 3,276 shares during the period. Woodline Partners LP bought a new position in shares of FIGS in the first quarter valued at $3,199,000. Creative Planning lifted its position in FIGS by 181.3% in the 2nd quarter. Creative Planning now owns 65,740 shares of the company's stock valued at $371,000 after acquiring an additional 42,367 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of FIGS during the second quarter valued at approximately $70,000. Finally, Russell Investments Group Ltd. boosted its holdings in FIGS by 102.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 147,440 shares of the company's stock worth $832,000 after acquiring an additional 74,578 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Trending Headlines about FIGS

Here are the key news stories impacting FIGS this week:

• Positive Sentiment: Q2 results beat estimates: FIGS reported earnings of $0.15 per share versus the $0.07 consensus estimate, up from $0.04 a year earlier. Revenue reached $196.6 million, exceeding the $186.2 million estimate and increasing 28.8% year over year. FIGS Releases Second Quarter 2026 Financial Results
• Positive Sentiment: Full-year revenue outlook is above expectations: FIGS issued fiscal 2026 revenue guidance of approximately $757.3 million, above the $729.1 million analyst consensus. The outlook suggests continued demand momentum and supports expectations for further growth.
• Positive Sentiment: BTIG raised its price target and rating: BTIG Research increased its FIGS price target from $20 to $22 and initiated or reaffirmed a “Buy” rating. The target represents substantial potential upside from the referenced $11.18 share price, although analyst targets are not guarantees. Benzinga analyst update
• Neutral Sentiment: Investors should continue monitoring margins: Ahead of the results, analysts noted that tariffs and freight costs could pressure profitability. While the quarter showed strong earnings improvement, these costs remain potential risks to future margins.

FIGS Company Profile

FIGS, Inc operates as a direct-to-consumer designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.

Founded in 2013 by Heather Hasson and Trina Spear, FIGS set out to disrupt the traditional medical uniform market by emphasizing both form and function.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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