Figs price target raised to $9 from $7 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Figs (FIGS) to $9 from $7 and keeps a Market Perform rating on the shares. The company reported “impressive” Q3 results, with a sizable EBITDA beat, the analyst tells investors. While the company has more work to do to recover margins to historical levels and tariffs look to be a meaningful headwind next year, the firm is raising its price target on the stock due to continued momentum across its business.