Morgan Stanley has adjusted its outlook for Figs (FIGS, Financial), decreasing the price target from $4.75 to $4.25. Despite this adjustment, the firm maintains an Equal Weight rating on the company's shares.
The decision to revise the price target reflects a broader trend within Morgan Stanley's analysis of North American internet stocks. The firm is revising its estimates for these stocks across various sectors, citing the influence of macroeconomic factors and tariffs that are affecting e-commerce and digital advertising markets.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for FIGS Inc (FIGS, Financial) is $4.90 with a high estimate of $7.00 and a low estimate of $4.00. The average target implies an upside of 20.10% from the current price of $4.08. More detailed estimate data can be found on the FIGS Inc (FIGS) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, FIGS Inc's (FIGS, Financial) average brokerage recommendation is currently 3.1, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for FIGS Inc (FIGS, Financial) in one year is $7.21, suggesting a upside of 76.72% from the current price of $4.08. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the FIGS Inc (FIGS) Summary page.
