Figs shares rose 3.5% at 9:45 a.m. ET, extending a rally fueled by strong earnings. The company last week reported profits that were double Wall Street's expectations, with sales up 29% year-over-year to $196.6 million, and GAAP net income soaring 300% year-over-year. Although Telsey Advisory lowered its price target to $16, analysts at Barclays and KeyBanc both raised their price targets to $20, anticipating a potential 36% further upside in the next 12 months.