Morgan Stanley Has Lowered Expectations for Figma (NYSE:FIG) Stock Price

Key Points

• Morgan Stanley has reduced Figma's price target from $80.00 to $70.00, maintaining an "equal weight" rating on the stock, which suggests a potential upside of 2.70% from its current price.
• Figma's stock has been rated with a consensus "Hold" rating by analysts, with an average price target of $68.86, reflecting mixed sentiments within the investment community.
• Figma reported a loss of ($0.07) earnings per share in its most recent quarter, missing analysts' expectations, and it indicated further volatility in its stock performance.

Figma (NYSE:FIG - Get Free Report) had its price target decreased by investment analysts at Morgan Stanley from $80.00 to $70.00 in a note issued to investors on Thursday, MarketBeat reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's target price would indicate a potential upside of 27.81% from the company's previous close.

Several other equities analysts have also weighed in on the stock. Wall Street Zen upgraded shares of Figma to a "hold" rating in a report on Saturday, August 9th. Zacks Research upgraded shares of Figma to a "hold" rating in a report on Thursday, August 21st. Wells Fargo & Company assumed coverage on shares of Figma in a report on Monday, August 25th. They set an "equal weight" rating and a $82.00 target price on the stock. Piper Sandler assumed coverage on shares of Figma in a report on Thursday. They set an "overweight" rating and a $85.00 target price on the stock. Finally, Wolfe Research initiated coverage on shares of Figma in a report on Monday, August 25th. They set a "peer perform" rating on the stock. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $67.43.

Figma Trading Up 0.4%

Shares of NYSE:FIG traded up $0.21 during midday trading on Thursday, hitting $54.77. 20,753,811 shares of the company's stock traded hands, compared to its average volume of 7,323,794. The firm has a market capitalization of $22.46 billion and a price-to-earnings ratio of 74.01. Figma has a twelve month low of $50.49 and a twelve month high of $142.92.

Figma (NYSE:FIG - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.15). The company had revenue of $249.64 million for the quarter, compared to analyst estimates of $248.97 million. Figma has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Insider Activity

In related news, CRO Shaunt Voskanian sold 90,000 shares of Figma stock in a transaction on Friday, August 1st. The shares were sold at an average price of $31.52, for a total transaction of $2,836,800.00. Following the sale, the executive owned 1,681,300 shares of the company's stock, valued at $52,994,576. The trade was a 5.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Perkins Caufield & Bye Kleiner sold 87,366 shares of Figma stock in a transaction on Friday, August 1st. The stock was sold at an average price of $31.52, for a total transaction of $2,753,776.32. Following the sale, the insider directly owned 1,559,622 shares in the company, valued at $49,159,285.44. This trade represents a 5.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 312,500 shares of company stock worth $10,312,500 and have sold 19,617,451 shares worth $618,294,215. Corporate insiders own 45.20% of the company's stock.

About Figma

Figma is where teams come together to turn ideas into the world's best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They're looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.