Goldman Sachs Maintains Sell on FIGS, Lowers Price Target to $4.25
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brooke Roach has maintained a Sell rating on FIGS (NYSE:FIGS) and reduced the price target from $4.85 to $4.25.
April 23, 2024 | 3:35 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Sell rating on FIGS, with a reduced price target from $4.85 to $4.25.
The reduction in price target by a significant financial institution like Goldman Sachs, especially with a maintained Sell rating, suggests a bearish outlook on FIGS. This could lead to negative investor sentiment in the short term, potentially driving the stock price down as the market adjusts to the new price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100