FIGS shares surge 10.73% after-hours following Q3 earnings beat and BTIG raising price target to $12.

FIGS surged 10.73% in after-hours trading, driven by strong third-quarter 2025 results and a bullish analyst rating upgrade. The company reported earnings per share of $0.05 (exceeding the $0.02 estimate) and revenue of $151.7 million (surpassing the $142.46 million forecast), signaling robust demand. Additionally, BTIG raised its price target to $12 from $10, maintaining a "Buy" rating, citing optimism about international expansion and operational improvements. These developments, combined with institutional buying from firms like Morgan Stanley and ALTA FOX Capital, reinforced investor confidence. While insider sales and mixed hedge fund activity were noted, the earnings outperformance and analyst upgrade were the primary catalysts for the sharp post-market rally.