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 objective cut by analysts at Morgan Stanley from $80.00 to $70.00 in a report released on Thursday, Marketbeat.com reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's price objective would suggest a potential upside of 31.63% from the company's previous close.

A number of other equities analysts have also commented on the company. Bank of America initiated coverage on Figma in a report on Monday, August 25th. They issued a "buy" rating and a $85.00 price target for the company. Piper Sandler started coverage on Figma in a report on Thursday. They issued an "overweight" rating and a $85.00 price objective on the stock. JPMorgan Chase & Co. started coverage on Figma in a report on Monday, August 25th. They issued a "neutral" rating and a $65.00 price objective on the stock. Wall Street Zen raised Figma to a "hold" rating in a research note on Saturday, August 9th. Finally, Wells Fargo & Company started coverage on Figma in a research report on Monday, August 25th. They issued an "equal weight" rating and a $82.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $67.43.

Figma Trading Down 3.1%

NYSE FIG traded down $1.68 on Thursday, hitting $53.18. 6,426,012 shares of the stock traded hands, compared to its average volume of 12,991,246. Figma has a 12 month low of $50.49 and a 12 month high of $142.92. The firm has a market cap of $21.81 billion and a price-to-earnings ratio of 71.86.

Figma (NYSE:FIG - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $249.64 million during 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 Buying and Selling

In related news, major shareholder Perkins Caufield & Bye Kleiner sold 2,668,654 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $31.52, for a total value of $84,115,974.08. Following the completion of the transaction, the insider owned 47,639,812 shares of the company's stock, valued at approximately $1,501,606,874.24. This represents a 5.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Ventures Vi (Jersey) Lp Index sold 3,187,765 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $31.52, for a total transaction of $100,478,352.80. Following the completion of the transaction, the insider directly owned 55,810,810 shares of the company's stock, valued at $1,759,156,731.20. This represents a 5.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 312,500 shares of company stock worth $10,312,500 and have sold 19,617,451 shares worth $618,294,215.

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.