Why FIGS Stock Soared Today

·2 min read
Why FIGS Stock Soared Today

Shares of FIGS (NYSE: FIGS) jumped 17.1% today after the maker of medical scrubs received a slew of positive analyst notes. At least seven analysts gave FIGS positive ratings this morning, calling the stock a buy or rating it an outperform. Among the analysts weighing in was Piper Sandler's Erinn Murphy who gave the stock an overweight rating and a price target of $44, just slightly above the $42.61 it closed at today.

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