Barclays downgraded its rating of FIGS (NYSE:FIGS) to Equal-Weight with a price target of $9.00, changing its price target from $15.00 to $9.00.
Shares of FIGS are trading down 4.58% over the last 24 hours, at $7.80 per share.
There aren't many investors with a 20-year time horizon at the age of 79, but that's exactly how far billionaire investor Ron Baron is looking ahead, and it's safe to say he's optimistic about what's to come.
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FIGS (NYSE:FIGS) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $0.02 by 50 percent. This is a 62.5 percent decrease over earnings of $0.08 per share from the same period last