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The latest analyst update on FIGS lifts the fair value estimate from $16.31 to $17.75, signaling a modest reset in what some see as a reasonable long term target for the stock. This shift lines up with commentary that mixes optimism around growth drivers and execution with caution on margins and how much recent performance is already reflected in the valuation. As you read on, you will see how these changing assumptions and viewpoints may shape the evolving FIGS story and what to watch next.
Stay updated as the Fair Value for FIGS shifts by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on FIGS.
What Wall Street Has Been Saying
🐂 Bullish Takeaways
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BTIG raised its FIGS price target to US$20 from US$15, citing what it views as strong stock momentum, a path to scale revenues toward US$1b, and multiple growth drivers including international expansion.
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KeyBanc upgraded FIGS to Overweight with a US$17 price target and points to what it sees as profitable, sustainable growth supported by TEAMS, international efforts, and new products.
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Telsey Advisory lifted its FIGS target to US$17 from US$15 and highlights international as an important growth opportunity while saying the company is maintaining what it views as competitive advantages.
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Roth Capital raised its FIGS target to US$15.50 from US$12, pointing to a significant Q4 beat on sales and adjusted EBITDA and what it views as durable customer demand tied to product, brand, and marketing.
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Oppenheimer upgraded FIGS to Outperform, referencing what it calls a sustained recovery after Q4 results.
🐻 Bearish Takeaways
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Telsey Advisory, despite higher FIGS targets, keeps a Market Perform stance and flags that the company still has work to do to bring margins back to historical levels.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives!
We’ve flagged 1 risk for FIGS. See which could impact your investment.
What’s in the News
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FIGS issued earnings guidance for the full year ending December 31, 2026, projecting net revenue growth of 10% to 12% compared with 2025.
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The company reported that from October 1, 2025 to December 31, 2025, it did not repurchase any shares under its existing buyback authorization.
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FIGS confirmed that, under the repurchase program announced on August 8, 2024, it had completed total buybacks of 9,872,547 shares for US$48.01m.