BTIG analyst Bob Drbul raised the firm’s price target on Figs (FIGS) to $12 from $10 and keeps a Buy rating on the shares after its Q3 earnings beat. The firm is optimistic around the opportunities in the business as the company is benefiting from numerous investments in it, including continued expansion in international markets, investments in its TEAMS businesses and continued growth in its Community Hubs, the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FIGS:
- FIGS Inc. Receives Buy Rating from Robert Drbul Amid Strategic Investments and International Expansion
- Figs price target raised to $9 from $7 at Barclays
- FIGS, Inc. Reports Strong Earnings and Growth
- Figs price target raised to $9 from $7 at Telsey Advisory
- Figs price target raised to $10 from $7.50 at Roth Capital