We recently published 10 Stocks Ending February With a Bang. Figs Inc. was one of the best performers on Friday.
Figs climbed to a nearly four-year high on Friday, as investors loaded portfolios after an investment firm turned bullish on the stock following its strong earnings performance last year.
In a market report, KeyBanc raised its rating for Figs Inc. to “overweight” from “sector weight” previously, while assigning a price target of $17.
Following the coverage, the stock soared to its highest price of $15.90 before paring gains to finish the session up by 23.90 percent at $15.45 apiece. Even with the session’s rally, the price target marked a 10 percent upside potential from its latest closing price.
On Thursday, Figs Inc. said that its net income last year expanded by 1,159 percent to $34.25 million from only $2.72 million in 2024, while revenues jumped by 13.7 percent to $631 million from $555 million, on the back of higher orders from new and existing customers, as well as average order value.
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In the fourth quarter alone, net profit climbed by 884 percent to $18.5 million from $1.88 million, while net revenues increased by 33 percent to $201.9 million from $151.8 million.
For the full-year 2026, Figs Inc. is expecting to continue a double-digit growth of 10 to 12 percent in net revenues, versus 2025. Adjusted EBITDA margin is also pegged at 12.7 percent to 12.9 percent.
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