Barclays Upgrades FIGS to Equal-Weight, Announces $7 Price Target
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih has upgraded FIGS (NYSE:FIGS) from Underweight to Equal-Weight and set a price target of $7. This upgrade reflects a change in Barclays' view of FIGS' stock, suggesting a neutral stance.

January 24, 2024 | 10:51 am
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Barclays has upgraded FIGS to Equal-Weight from Underweight and set a price target of $7, indicating a neutral outlook on the stock.
The upgrade from Underweight to Equal-Weight by a major analyst like Barclays can be seen as a positive signal for investors, potentially leading to increased investor confidence and a short-term uplift in the stock price. The announcement of a price target provides a benchmark that may influence investor perception and trading behavior. Given that the upgrade is to Equal-Weight, it suggests a neutral view, which may temper the extent of the positive impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100