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MarketBeat ‘Stock of the Week’: FIGS has healthy growth prospects

Written by MarketBeat Staff | Reviewed by Don Miller
December 4, 2023

Key Points

  • Last month, FIGS reported that Q3 revenue rose 11% year-over-year, with management raising its full year outlook of expected 2023 revenue growth to approximately 8.5%.
  • FIGS market share in the international healthcare apparel market is still less than 1%, an underappreciated long-term catalyst for the stock.
  • If FIGS can execute on its growth initiatives and show signs of accelerating adoption, a multiyear run back to 2021 IPO levels in the $40’s holds 5x to 6x return potential.
  • Interested in FIGS? Here are five stocks we like better.

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Should You Invest $1,000 in FIGS Right Now?

Before you consider FIGS, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FIGS wasn't on the list.

While FIGS currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
FIGS (FIGS)
1.685 of 5 stars		$4.94-2.2%N/A82.33Reduce$4.25
NIKE (NKE)
4.8938 of 5 stars		$58.35-1.0%2.74%18.01Moderate Buy$80.48
GAP (GPS)
2.98 of 5 stars		$0.00-100.0%∞13.64Hold$28.20
VF (VFC)
4.2573 of 5 stars		$13.29-1.1%2.71%-11.17Hold$21.40
Canada Goose (GOOS)
2.4859 of 5 stars		$8.79+1.9%N/A16.90Reduce$10.20
Oxford Industries (OXM)
3.5657 of 5 stars		$53.74-2.6%5.14%60.38Reduce$59.00
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