FIGS (FIGS) Stock Forecast & Price Target

FIGS Inc reported a robust 33% year-over-year sales growth in Q4, with total revenue expected to reach $165 million, marking an approximate 9% increase from the previous year. The company issued an optimistic fiscal year 2026 revenue guidance of 10%-12% growth, exceeding prior expectations, while benefiting from over 20% order growth and consistent increases in active customers and average order value. Additionally, FIGS showcased resilience in its product segments, with the scrubs category achieving its highest growth since Q2 2023 and the non-scrubs business returning to growth, indicating a strong demand trajectory supported by strategic initiatives and marketing efforts.

FIGS Inc. is facing significant gross margin pressure, with projections indicating a decline of 250 basis points to 64.8%, which is below consensus expectations of a 210 basis point decrease. The company's adjusted EBITDA forecast of $13.9 million for the quarter represents a substantial drop from last year's $21.1 million, reflecting ongoing challenges despite slightly exceeding market expectations. Furthermore, increasing tariff pressures and various economic risks, including volatility in commodity costs and weaker consumer confidence, may further exacerbate financial uncertainties for FIGS in the near future.