Figma (NYSE:FIG) Stock Price Target Lowered at Royal Bank Of Canada

Figma (NYSE:FIG) had its price target cut by Royal Bank Of Canada from $28.00 to $24.00 in a report published on Thursday,Benzinga reports. They currently have a sector perform rating on the stock.

A number of other brokerages also recently weighed in on FIG. Weiss Ratings raised shares of Figma from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 6th. Morgan Stanley set a $33.00 target price on Figma in a report on Thursday, August 6th. Oppenheimer reiterated a “market perform” rating on shares of Figma in a research note on Thursday. Stifel Nicolaus reduced their target price on shares of Figma from $25.00 to $22.00 and set a “hold” rating for the company in a research note on Wednesday, October 14th. Finally, Wells Fargo & Company reduced their target price on Figma from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.90.

Figma Price Performance

Shares of NYSE:FIG opened at $18.38 on Thursday. Figma has a one year low of $16.60 and a one year high of $46.79. The company has a market cap of $8.36 billion, a price-to-earnings ratio of -17.17 and a beta of 1.17. The firm has a 50 day simple moving average of $22.85 and a 200 day simple moving average of $23.01.

Figma (NYSE:FIG) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.32. The company had revenue of $391.42 million for the quarter. Figma had a negative return on equity of 33.14% and a negative net margin of 40.21%. The company’s revenue was up 42.8% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. As a group, analysts expect that Figma will post -0.75 EPS for the current year.

Insiders Place Their Bets

In other Figma news, General Counsel Brendan Mulligan sold 211,599 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $29.79, for a total transaction of $6,303,534.21. Following the completion of the transaction, the general counsel directly owned 727,952 shares of the company’s stock, valued at approximately $21,685,690.08. This represents a 22.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Daniel Rimer sold 12,475 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $25.39, for a total value of $316,740.25. Following the transaction, the director directly owned 786,700 shares of the company’s stock, valued at approximately $19,974,313. This trade represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 406,002 shares of company stock valued at $11,128,663 in the last quarter. 32.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FIG. Three Bridge Wealth Advisors LLC purchased a new stake in Figma in the 3rd quarter worth about $42,000. Machina Capital S.A.S. bought a new stake in Figma in the 3rd quarter valued at about $296,000. Torrey Growth & Income Advisors lifted its holdings in Figma by 1.3% during the third quarter. Torrey Growth & Income Advisors now owns 105,781 shares of the company’s stock valued at $2,238,000 after purchasing an additional 1,355 shares during the last quarter. Fulcrum Asset Management LLP purchased a new stake in Figma during the third quarter valued at about $2,510,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Figma during the third quarter worth about $215,000.

More Figma News

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 topped 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 lifted user utilization by 40%, offering a potential path to monetize growing AI usage. The company is also developing its own design model, which could help it manage costs over time. Figma: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Two executives reported share sales: the transactions were made under pre-arranged Rule 10b5-1 plans, and each executive retained a substantial holding, tempering the signal from the sales. SEC filing
• Negative Sentiment: The main concern is that expanding AI features and models are expensive to deliver, potentially weighing on margins even as usage rises. That concern appears to have outweighed the earnings beat and stronger outlook in the market reaction. Figma stock falls as investors worry AI momentum comes at a high price
• Negative Sentiment: JPMorgan and Royal Bank of Canada each cut their price target to $24 from $28, while keeping neutral/sector-perform ratings. The reductions add to cautious sentiment following the results. JPMorgan analyst rating

About Figma

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.