FIGS, Inc. (FIGS) Price Target Analysis
Updated Jun 26, 2026
Analyst Rating: Buy
Based on 15 analysts7.8% Below Target
FIGS trades 7.8% below Wall Street's consensus target of $12.50.
Current Price$11.60
Average Target$12.50
Target
Current
Low$7.50
Median$11.00
High$19.00
Analyst Target Range
Forward P/E44.2x
(Growth Premium)
PEG Ratio—
Implied Growth+26.6%
(High Growth)
Analyst Spread92.0%
(Wide Disagreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes FIGS achieves its forward estimates and maintains a stable P/E multiple of 44.2x. This scenario reflects the blended consensus of 15 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
FIGS Price Target Analysis
Updated June 29, 2026As of June 29, 2026, FIGS, Inc. (FIGS) has a Wall Street consensus price target of $12.50, based on estimates from 15 covering analysts. With the stock currently trading at $11.60, this represents a potential upside of +7.8%. The company has a market capitalization of $1.94B.
Analyst price targets range from a low of $7.50 to a high of $19.00, representing a 92% spread in expectations. The median target of $11.00 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 8 analysts rating the stock as a Buy or Strong Buy,5 rating it Hold, and 2 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, FIGS trades at a trailing P/E of 61.1x and forward P/E of 44.2x. Analysts expect EPS to grow +26.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $11.26, with bear and bull scenarios of $7.10 and $14.84 respectively. Model confidence stands at 47/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Consumer Cyclical stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+22.8%
Industry Consensus
Avg Forward P/E
24.5x
(Fair)
Peers with Coverage
9 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 LULULululemon Athletica Inc. | $13.4B | $117.57 | $150.10 | +27.7% | Hold | 9.0x | 71 |
 GOOSCanada Goose Holdings Inc. | $939M | $9.67 | $15.73 | +62.7% | Hold | 12.1x | 17 |
 BIRDAllbirds, Inc. | $37M | $4.41 | — | — | — | — | — |
 WRBYWarby Parker Inc. | $3.6B | $29.24 | $31.00 | +6.0% | Buy | 60.7x | 15 |
 ONONOn Holding AG | $12.4B | $37.07 | $54.36 | +46.6% | Buy | 26.4x | 26 |
 HBIHanesbrands Inc. | $2.3B | $6.47 | $7.25 | +12.1% | Buy | 9.8x | 34 |
 UAUnder Armour, Inc. | $2.6B | $6.05 | $5.50 | -9.2% | Hold | 51.7x | 68 |
 NKENIKE, Inc. | $60.2B | $40.75 | $55.93 | +37.3% | Buy | 27.3x | 71 |
 COLMColumbia Sportswear Company | $3.4B | $64.51 | $63.33 | -1.8% | Hold | 16.8x | 28 |
 PVHPVH Corp. | $3.4B | $74.38 | $92.00 | +23.7% | Buy | 6.8x | 38 |
FIGS — Frequently Asked Questions
Quick answers to the most common questions about buying FIGS stock.
What is the FIGS stock price target for 2026?
The consensus price target for FIGS is $12.5, close to the current price of $11.6 (7.8% implied move). Based on 15 analyst estimates, the stock appears fairly valued near current levels.
Is FIGS a buy, sell, or hold?
FIGS has a consensus rating of "Buy" based on 15 Wall Street analysts. The rating breakdown is predominantly bullish, with 8 Buy/Strong Buy ratings. The consensus 12-month price target of $12.5 implies 7.8% upside from current levels.
Is FIGS stock overvalued or undervalued?
At a forward P/E of 44.2073x, FIGS trades at a premium valuation. The consensus price target of $12.5 (7.8% upside) suggests analysts may view current valuations as stretched.
How high can FIGS stock go?
The most bullish Wall Street analyst has a price target of $19 for FIGS, while the most conservative target is $7.5. The consensus of $12.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $15 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover FIGS stock?
FIGS is well covered by analysts, with 15 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 8 have Buy ratings, 5 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the FIGS stock forecast?
The 12-month FIGS stock forecast based on 15 Wall Street analysts shows a consensus price target of $12.5, with estimates ranging from $7.5 (bear case) to $19 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $11, with bear/bull scenarios of $7/$15.
What is FIGS's fair value based on fundamentals?
Our quantitative valuation model calculates FIGS's fair value at $11 (base case), with a bear case of $7 and bull case of $15. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 47/100.
What is FIGS's forward P/E ratio?
FIGS trades at a forward P/E ratio of 44.2x based on next-twelve-months earnings estimates compared to a trailing P/E of 61.1x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy FIGS stock?
FIGS appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $12.5 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do FIGS price targets vary so much?
FIGS analyst price targets range from $7.5 to $19, a 92% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $12.5 consensus represents the middle ground. Our model's $7-$15 range provides an independent fundamental perspective.
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