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MarketBeat ‘Stock of the Week’: FIGS has healthy growth prospects

Written by MarketBeat Staff | Reviewed by Don Miller
December 4, 2023

Key Points

  • Last month, FIGS reported that Q3 revenue rose 11% year-over-year, with management raising its full year outlook of expected 2023 revenue growth to approximately 8.5%.
  • FIGS market share in the international healthcare apparel market is still less than 1%, an underappreciated long-term catalyst for the stock.
  • If FIGS can execute on its growth initiatives and show signs of accelerating adoption, a multiyear run back to 2021 IPO levels in the $40’s holds 5x to 6x return potential.
  • 5 stocks we like better than FIGS.

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Should you invest $1,000 in FIGS right now?

Before you consider FIGS, you'll want to hear this.

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While FIGS currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
FIGS (FIGS)
2.7208 of 5 stars		$6.00+6.8%N/A100.00Reduce$5.35
NIKE (NKE)
4.8795 of 5 stars		$76.94+0.2%2.08%22.05Moderate Buy$89.58
GAP (GPS)
3.3333 of 5 stars		$0.00-100.0%∞13.64Moderate Buy$27.08
VF (VFC)
3.0867 of 5 stars		$22.12+1.1%1.63%-12.79Hold$19.11
Canada Goose (GOOS)
2.5208 of 5 stars		$10.11+0.1%N/A27.32Reduce$11.60
Oxford Industries (OXM)
3.7317 of 5 stars		$78.89-1.1%3.40%88.64Reduce$77.00
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