FIGS Makes For A Better Fit Now (Rating Upgrade)
FIGS, Inc. was upgraded from 'sell' to 'hold', with analysts noting the stock now reflects fair value after a 16% share price decline. FIGS reported 28% YoY revenue growth in Q1 2026, driven by a 12% rise in active customers and higher net revenue per customer, and management guided to 14–16% revenue growth and a 27.7% EBITDA increase for 2026, supported by a $277 million net cash position.
Why it matters — For FIGS watchers, the upgrade signals the stock has reached fair value after a price decline, while continued customer growth, revenue expansion, and a strong cash position underline the company's ongoing business momentum.