What Analysts Are Saying About FIGS Stock
Portfolio Pulse from Benzinga Insights
Analysts have recently updated their ratings and price targets for FIGS (NYSE:FIGS), showing a mix of sentiments. Over the last three months, 6 analysts have provided ratings, with a current average price target of $6.39, down from $8.31. The ratings range from 'Underperform' to 'Outperform', with recent actions including lowering of price targets by several analysts. FIGS's financial performance shows positive revenue growth, a strong net margin, but a below-average return on equity.
April 02, 2024 | 12:01 pm
News sentiment analysis
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NEGATIVE IMPACT
FIGS has seen a mix of analyst ratings and a decrease in the average price target to $6.39 from $8.31, indicating a bearish sentiment. However, the company's financials show positive revenue growth and a strong net margin.
The decrease in the average price target and the mix of analyst ratings suggest a bearish outlook for FIGS in the short term. However, the company's strong financial performance, particularly in revenue growth and net margin, could mitigate some negative impacts.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100