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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.
  • MarketBeat previews the top five stocks to own by April 1st.
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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
FIGS (FIGS)
2.8565 of 5 stars		$4.67-0.7%N/A77.75Reduce$5.35
NIKE (NKE)
4.7651 of 5 stars		$73.62-0.7%2.17%22.72Moderate Buy$89.77
GAP (GPS)
3.1413 of 5 stars		$0.00-100.0%∞13.64Moderate Buy$27.08
VF (VFC)
4.3775 of 5 stars		$16.75-3.4%2.15%-14.07Hold$22.90
Canada Goose (GOOS)
2.478 of 5 stars		$9.07-1.1%N/A17.43Reduce$10.60
Oxford Industries (OXM)
3.9415 of 5 stars		$57.07-5.7%4.70%64.12Reduce$77.00
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