Roth MKM Maintains Buy on FIGS, Lowers Price Target to $6.75
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Matt Koranda has maintained a Buy rating on FIGS (NYSE:FIGS) but lowered the price target from $7.5 to $6.75.

May 10, 2024 | 2:33 pm
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NEUTRAL IMPACT
Roth MKM's adjustment of FIGS's price target reflects a continued positive outlook albeit with a slightly reduced valuation expectation.
The maintenance of a Buy rating by Roth MKM indicates a positive outlook on FIGS, suggesting confidence in the company's fundamentals or growth prospects. However, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or both. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. The overall impact is considered neutral in the short term as the positive endorsement of the stock's potential is counterbalanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100