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1 Stock That Could Soar 113%, According to Wall Street

TheMotleyFool

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1 Stock That Could Soar 113%, According to Wall Street: https://g.foolcdn.com/editorial/images/706447/two-healtchare-workers-shaking-hands-in-a-group.jpg

With the market downturn and economic fears, most Wall Street analysts have turned bearish on their stocks. Therefore, it's rare to find a company with an optimistic price target over the next 12 months, but Raymond James Financial (NYSE: RJF) analyst Rick Patel is certainly hopeful about Figs (NYSE: FIGS). Patel has a price target of $15 on the company, implying 113% upside from today's price.

Is this too outlandish for Figs, despite its consistent performance in 2022, or could this price appreciation be within the realm of possibility for this scrubs manufacturer? Let's find out.

Image source: Getty Images.

Source Fool.com

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