Figma (NYSE:FIG) Stock Price Target Lowered at Citigroup

Key Points

• Citigroup cut its price target on Figma from $35 to $34 but maintained a Buy rating, implying roughly 81% upside from the cited share price of $18.79.
• Analyst opinion is mixed: Figma has a consensus Hold rating and an average price target of $28.80, with 4 Buy, 11 Hold, and 1 Sell ratings.
• Figma reported quarterly revenue of $391.4 million, up 42.8% year over year, and earnings of $0.10 per share, beating estimates; investors are also weighing potential AI-related growth against the cost and margin risks of developing those features.

Figma (NYSE:FIG - Get Free Report) had its price target decreased by investment analysts at Citigroup from $35.00 to $34.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Citigroup's price objective would suggest a potential upside of 80.97% from the stock's current price.

Several other research firms have also weighed in on FIG. Rothschild & Co Redburn began coverage on Figma in a research note on Monday. They issued a "neutral" rating and a $23.00 price objective on the stock. JPMorgan Chase & Co. decreased their price target on Figma from $28.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday. Piper Sandler reiterated an "overweight" rating on shares of Figma in a research report on Monday, October 26th. Morgan Stanley set a $33.00 price objective on Figma in a research note on Thursday, August 6th. Finally, Stifel Nicolaus cut their price objective on Figma from $25.00 to $22.00 and set a "hold" rating for the company in a report on Wednesday, October 14th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $28.80.

Figma Price Performance

Shares of Figma stock traded up $0.35 during trading on Friday, hitting $18.79. 12,572,701 shares of the company's stock traded hands, compared to its average volume of 16,793,570. The company has a market cap of $8.55 billion, a PE ratio of -17.56 and a beta of 1.17. The firm's fifty day moving average price is $22.85 and its 200 day moving average price is $23.01. Figma has a twelve month low of $16.60 and a twelve month high of $45.42.

Figma (NYSE:FIG - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.32. The firm had revenue of $391.42 million during the quarter. Figma had a negative net margin of 40.21% and a negative return on equity of 33.14%. The business's revenue for the quarter was up 42.8% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. As a group, equities research analysts anticipate that Figma will post -0.75 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Ventures Vi (Jersey) Lp Index sold 12,475 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $25.39, for a total transaction of $316,740.25. Following the completion of the sale, the insider directly owned 786,700 shares of the company's stock, valued at $19,974,313. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Brendan Mulligan sold 11,599 shares of Figma stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $21.30, for a total value of $247,058.70. Following the completion of the transaction, the general counsel owned 555,656 shares of the company's stock, valued at approximately $11,835,472.80. The trade was a 2.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 406,002 shares of company stock valued at $11,128,663 in the last 90 days. Insiders own 32.26% of the company's stock.

Hedge Funds Weigh In On Figma

A number of large investors have recently modified their holdings of the stock. Greylock XIV GP LLC acquired a new position in shares of Figma during the 2nd quarter worth about $1,056,824,403. Bank of America Corp DE raised its position in shares of Figma by 428.1% in the 1st quarter. Bank of America Corp DE now owns 4,180,575 shares of the company's stock valued at $88,377,000 after acquiring an additional 3,388,902 shares during the period. Pictet Asset Management Holding SA raised its position in shares of Figma by 26,445.4% in the 3rd quarter. Pictet Asset Management Holding SA now owns 3,072,370 shares of the company's stock valued at $64,581,000 after acquiring an additional 3,060,796 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Figma in the 1st quarter valued at approximately $36,600,000. Finally, SC US Ttgp LTD. boosted its stake in Figma by 5.8% during the 1st quarter. SC US Ttgp LTD. now owns 26,728,171 shares of the company's stock worth $565,034,000 after acquiring an additional 1,466,851 shares during the last quarter.

Trending Headlines about Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Q3 revenue rose 42.8% year over year to $391.4 million, while adjusted earnings of $0.10 per share beat estimates. Figma also raised its 2026 revenue outlook to $1.497 billion–$1.499 billion and forecast Q4 revenue of $402 million–$404 million. Figma Q3 earnings report
• Positive Sentiment: Figma said repricing AI credits increased user utilization by 40%. Its plans to monetize AI features and develop an in-house design model could create additional growth opportunities. Figma earnings takeaways
• Neutral Sentiment: Figma’s CAO and general counsel reported share sales under pre-arranged Rule 10b5-1 plans. Both retained substantial holdings, limiting the significance of the sales as a standalone signal. Figma insider transactions
• Negative Sentiment: Despite the earnings beat and improved guidance, investors are concerned that building and delivering AI features could be costly and pressure margins as Figma invests for long-term growth. Investor concerns about AI costs
• Negative Sentiment: JPMorgan and RBC lowered their price targets to $24 and maintained neutral or sector-perform ratings, reinforcing a cautious view after the results. JPMorgan analyst update

Figma Company Profile

Figma, Inc NYSE: FIG develops collaborative software for designing digital products and user experiences. Its browser-based platform enables teams to create, prototype, review and manage designs in real time, supporting collaboration among designers, developers, product managers and other stakeholders.

The company's product portfolio includes Figma Design, a collaborative interface-design and prototyping tool; FigJam, an online whiteboard for brainstorming and planning; and Dev Mode, which helps developers inspect designs and translate them into software.

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