Idea- FIGS
Figs initiated with a Strong Buy at Raymond James 16:54 FIGS Raymond James analyst Rick Patel initiated coverage of Figs with a Strong Buy rating and $15 price target as part of a broader sector note initiating coverage of Digital Commerce. The company has created a "better mousetrap" in the $12B U.S. Healthcare apparel market, the analyst tells investors in a research note, adding that he also sees it as an attractive market segment as jobs in the U.S. Healthcare market are poised to grow 15% from 2019-2029. Patel further notes that he sees the potential for FIGS to stretch beyond its core scrub assortment with total addressable market expansion via lifestyle product, industries outside of Healthcare, and International expansion.
Huge amount of healthcare workers in the system coming up. As needed! They need funky scrubs!
FIGS-$8.30