Barclays raised the firm’s price target on Figs (FIGS) to $5 from $4 and keeps an Equal Weight rating on the shares. The company’s Q1 results beat guidance on sales and adjusted EBITDA, with positive growth across regions and categories, the analyst tells investors in a research note. The firm says that while Figs’ positive sales trends have continued into Q2, its fiscal 2025 guidance continues to expect a low-single digit sales decline.
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