Why Figs Stock Keeps Going Up

For the fourth day in a row, Figs (NYSE: FIGS) stock is growing -- up 3.5% through 9:45 a.m. ET -- and some analysts think it's ripe for more.

Shares of the supplier of scrubs to medical industry workers gained for two days ahead of earnings last week -- then surged nearly 27% on earnings day after reporting twice as much profit as Wall Street had forecast. Not everyone was impressed; Telsey Advisory lowered its price target on Figs stock to $16 after the report. But two other analysts, Adrienne Yih at Barclays and Ashley Owens at KeyBanc, begged to differ -- both raising their price targets to $20 per share.

And predicting Figs stock could rise another 36% in the next 12 months.

Source Fool.com