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Stock impact report

Figs Inc. (FIGS) Soars to 4-Year High as Analyst Turns Bullish [Yahoo! Finance]

FIGS, Inc. Class A (FIGS) 
Company Research Source: Yahoo! Finance
We recently published 10 Stocks Ending February With a Bang . Figs Inc. (NYSE:FIGS) was one of the best performers on Friday. Figs climbed to a nearly four-year high on Friday, as investors loaded portfolios after an investment firm turned bullish on the stock following its strong earnings performance last year. In a market report, KeyBanc raised its rating for Figs Inc. (NYSE:FIGS) to “overweight” from “sector weight” previously, while assigning a price target of $17. Following the coverage, the stock soared to its highest price of $15.90 before paring gains to finish the session up by 23.90 percent at $15.45 apiece. Even with the session's rally, the price target marked a 10 percent upside potential from its latest closing price. On Thursday, Figs Inc. (NYSE:FIGS) said that its net income last year expanded by 1,159 percent to $34.25 million from only $2.72 million in 2024, while revenues jumped by 13.7 percent to $631 million from $555 million, on the back of higher orders Show less Read more
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