Goldman Sachs Maintains Sell on FIGS, Lowers Price Target to $4.85
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brooke Roach has maintained a Sell rating on FIGS (NYSE:FIGS) and lowered the price target from $6.75 to $4.85.
February 29, 2024 | 2:59 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Sell rating on FIGS and reduces the price target to $4.85.
The maintenance of a Sell rating combined with a lowered price target by a major financial institution like Goldman Sachs is likely to negatively impact investor sentiment towards FIGS in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on this new analyst outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100