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FIGS, Inc. (NYSE:FIGS) is one of the

15 Best Apparel Stocks to Buy in 2026.

On April 13, 2026, Morgan Stanley boosted FIGS, Inc. (NYSE:FIGS)’s price objective to $15 from $8 while retaining an Equal Weight rating. The firm noted improved fundamentals led by sharper execution. It also pointed out that the company has already exhibited continuous double-digit growth and margin expansion after growing 108% over six months.

FIGS, Inc. (NYSE:FIGS) released fourth-quarter and full-year 2025 results, with Q4 net revenue of $201.9 million, up 33%. The company generated $18.5 million in net income with a 9.2% margin, as well as an adjusted EBITDA margin of 13.2%. The corporation’s revenue increased by 28.7% in the United States and 55.1% globally.

FIGS, Inc. (NYSE:FIGS) earned net revenue of $631.1 million in fiscal 2025, up 13.6%, while generating net income of $34.3 million and adjusted EBITDA of $74.5 million. CEO Trina Spear stated that operational momentum fueled growth, with the company forecasting 10% to 12% sales growth and an adjusted EBITDA margin of 12.7% to 12.9% in 2026.

FIGS, Inc. (NYSE:FIGS) produces and manages healthcare apparel and lifestyle brands. The company provides lab coats, underscrubs, outerwear, loungewear, compression socks, footwear, masks, and face shields that are specifically tailored to the demands and preferences of the medical community.

While we acknowledge the potential of FIGS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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