Figs price target raised to $18 from $15.50 at Roth Capital

Roth Capital analyst Matt Koranda raised the firm’s price target on Figs (FIGS) to $18 from $15.50 and keeps a Buy rating on the shares ahead of its Q1 results. The firm remains constructive and expects the company to deliver another solid quarter that showcases strong demand and improving operating efficiency, though it also sees valuation pushback from investors as reasonable, adding that the upside in the stock will need to come from sustained/higher growth and margin expectations, the analyst tells investors in a research note.