7/102 sources · 2 publishersUpdated Nov 10, 13:01 UTC
Cantor Fitzgerald initiates coverage of FIGS with overweight rating and $25 price target
Cantor Fitzgerald began coverage of FIGS Inc. with an overweight recommendation and set a $25 price target. The firm highlighted Q3 2026 core scrubs sales of $191 million, a 26% year‑over‑year increase, and raised fiscal 2026 sales guidance to about 23.5%. Cantor also projected the adjusted EBITDA margin to climb to 18.4% by fiscal 2028. Shares were trading at $21.58 after the earnings beat.
Why it matters
The $25 target implies roughly a 15.8% upside from the $21.58 close, which may attract buying interest. The upgraded rating and strong quarterly metrics could support the stock price in the near term.
Key facts
- 1Cantor Fitzgerald gave FIGS an overweight rating and a $25.00 price target. investing.com
- 2FIGS shares were trading at $21.58 at the time of the note. investing.com
- 3The company’s market capitalization was $3.58 billion. investing.com
- 4Q3 2026 core scrubs sales were $191 million, up 26% year over year. investing.com
- 5Fiscal 2026 sales guidance was raised to approximately 23.5% growth. investing.com
- 6Gross profit margin was reported at 67.73%. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.