Why Figs Stock Was Up This Week

Why Figs Stock Was Up This Week

Week to date, shares of Figs (NYSE: FIGS) were up 12% through Thursday's close, according to data provided by S&P Global Market Intelligence. The move higher came after an analyst raised earnings estimates and the near-term price target for the stock to $11. This explains the stock's underperformance, as expensive growth stocks lost favor with Wall Street analysts in 2022.