Figma Inc. Class A (FIG) Stock Price, News, Analysis

Technical Score (1D)

SELL

News Sentiment

BULLISH

KeyBanc’s overnight initiation of coverage on Figma (FIG) at sector weight, coupled with an overweight rating and a $30.89 mean price target, signals a fresh confidence boost for the company’s growth trajectory. The rating reflects expectations that FIG’s collaborative design platform will continue to expand its user base and revenue streams, reinforcing its position against peers. This upgrade is likely to lift investor sentiment and could increase demand for FIG shares in the coming week as the market digests the new target. The firm’s earnings momentum, already strong, is now expected to accelerate, which may support a tighter valuation range and a more bullish outlook for the next 1–10 trading days. Traders should watch for FIG’s upcoming earnings release to see if the revenue growth aligns with the analyst’s expectations and whether the company revises its guidance upward. Additionally, monitoring any subsequent analyst revisions or changes in the price target will help gauge whether the market’s optimism is sustained. The upgrade also raises the profile of FIG’s collaborative platform, potentially attracting more institutional interest and increasing liquidity. Finally, keep an eye on broader sector dynamics, as increased adoption of cloud‑based design tools could influence competitors and drive consolidation in the software space.

FIG|Analyst Targets

LOW TARGET

$25 +4.0%

2 analysts

MEAN TARGET

$31 +28.2%

12 analysts

HIGH TARGET

$37 +54.0%

6 analysts

PRICE RANGE

$25.00 - $37.00

SB / B / H / S / SS

4/4/10/1/1

DAILYIQ EST.

$31.27 (+30.1%)

FIG|Company Info

Sector

Technology

Industry

Software - Application

Exchange

NYQ

Country

United States

Website

figma.com

Symbol

FIG

Description

Figma, Inc. provides a collaborative, browser-based platform for user interface (UI) design, targeting design and development teams. The company's core offering, Figma Design, allows teams to ideate, prototype, and refine product development through design systems, streamlining workflows. Complementing this, Figma offers tools like Dev Mode, which facilitates code generation from designs, and FigJam, a digital whiteboard for collaborative brainstorming and decision-making. Further expanding its capabilities, Figma provides tools for presentations (Figma Slides), illustration (Figma Draw), and brand asset creation (Figma Buzz), alongside a site design tool (Figma Sites) and an AI-powered prototyping tool (Figma Make). Incorporated in 2012 and based in San Francisco, Figma focuses on empowering design teams with a comprehensive suite of collaborative tools.

FIG|Insider Trading

Bought (1Y)

0 shares

Sold (1Y)

1,887,442 shares

$47.9M

Herb TylerChief Accounting Officer

Sell1,416 shares2026-09-03

Mulligan BrendanGeneral Counsel and Secretary

Sell44,500 shares2026-09-03

Mulligan BrendanGeneral Counsel and Secretary

Sell64,606 shares2026-09-03

Herb TylerChief Accounting Officer

Tax Withholding1,838 shares2026-09-01

Melwani PraveerCFO and Treasurer

Tax Withholding7,037 shares2026-09-01

FIG|Fundamentals

Bullish

Verdict: Bullish

✓Revenue growing year over year

✕Negative net margin

✓Positive operating cash flow

Gross Margin

82.4%

Net Margin

-118.4%

Revenue CAGR

44.6%

Current Ratio

2.58x

Return on Equity

-82.8%

FIG|Earnings Snapshot

Earnings Summary

Figma, Inc. is a San Francisco‑based software company that offers a browser‑based collaborative platform for UI design, prototyping, and team workflow management, positioning itself within the broader technology sector’s application software niche. In its most recent quarter, Q2 2025, the company reported earnings per share of $0.0854 versus an estimate of $0.07691, indicating a beat, and generated $249.64 million in revenue; however, data for Q3 2026 are incomplete, with EPS and revenue figures missing, preventing a direct comparison of growth trends or a clear assessment of acceleration or deceleration. Consequently, the analysis of recent quarterly performance is limited by the absence of full data for the latest period. Historically, Figma has shown a pattern of earnings beats in the few quarters with available data, but the lack of consistent revenue estimates across multiple periods makes it difficult to chart a sustained YoY growth trajectory or identify recurring miss patterns. Recent news highlights include a routine investor‑relations event at the Goldman Sachs conference and a positive outlook from the Q2 2026 earnings call, which underscored steady revenue growth and new collaboration features; yet, valuation concerns persist, as discounted‑cash‑flow models now require higher discount rates and the company fails several valuation tests, suggesting market overvaluation relative to fundamentals. Forward‑looking watch points for investors should focus on the next earnings release to see whether guidance on revenue and margin aligns with the upgraded price target and whether any new product launches materially improve monetization; monitoring the conversion of free‑tier users to paid plans will be key to assessing the path to profitability and potential narrowing of the valuation gap.

Read full report

EPS

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$0.06	-	-
Q2'25	$0.08	$0.09	+11.0%

Revenue

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$380M	-	-
Q2'25	-	$250M	-

Full Earnings BreakdownEstimates, actuals, guidance, and historical context

→

FIG|Monthly Returns

Market Data

FIG Stock Snapshot

SELL32/100

$24.03+$0.12 (0.5%)

Market cap: 12.37B
Day range: $23.30 – $24.79
News sentiment: 63/100 · Bullish
Analyst target: $30.80 (+28.2%)
Consensus: Hold · 20 analysts

52-week range+44.8% off low · -66.5% from high

$16.60$71.70

Price $24.03 DailyIQ Est. $31.27

FIG's technical picture is under pressure, with momentum working against price. Earnings and guidance carry more weight than macro data at this capitalisation.

Sector Rotation

Is money rotating into or out of FIG's sector?

Figma Inc. Class A sits in the Technology sector, currently ranked 6th of 11 GICS sectors by relative-strength rotation score (lagging). Within its narrower Software industry group, FIG ranks 2nd of 15 tracked industries, leading.

Sector rank: #6 of 11
Sector state: Lagging
Sector rotation score: 50
Industry rank: #2 of 15

Options Market

What is the options market pricing for FIG?

CallsPuts

For Figma Inc. Class A's nearest expiry (2026-09-18, 3 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.63), with at-the-money implied volatility around 78.3%. The options market is pricing roughly a ±6.4% move by that expiry — a range of about $22.58–$25.70.

Put/call ratio (2026-09-18): 0.63
ATM implied volatility: 78.3%
Total open interest: 65,289
Expected move by 2026-09-18: ±6.4% ($22.58–$25.70)

Analyst Rating Changes

Are analysts turning bullish or bearish on FIG?

Keybanc most recently initiated coverage on Figma Inc. Class A to Sector Weight on Sep 14, 2026. Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action: Keybanc — Sector Weight
90-day upgrades: 0
90-day downgrades: 0
Net rating momentum: 0

Date	Firm	Action	Rating	Price target
Sep 14, 2026	Keybanc	Initiated	Sector Weight	-
Aug 19, 2026	B of A Securities	Maintained	Buy	$30 → $33
Aug 7, 2026	Citigroup	Maintained	Buy	$35 → $37
Jul 24, 2026	Citigroup	Maintained	Buy	$36 → $35
Jun 26, 2026	Wells Fargo	Maintained	Overweight	$42 → $36
Jun 25, 2026	RBC Capital	Maintained	Sector Perform	$28 → $22
Jun 25, 2026	Piper Sandler	Reiterated	Overweight	$30
Jun 17, 2026	Citigroup	Initiated	Buy	$36
May 15, 2026	JP Morgan	Maintained	Neutral	$45 → $42
May 15, 2026	RBC Capital	Maintained	Sector Perform	$31 → $28
May 15, 2026	Morgan Stanley	Maintained	Equal-Weight	$44 → $38
May 15, 2026	Piper Sandler	Reiterated	Overweight	$35 → $30

FIG Competitive Positioning

Figma Inc. Class A (FIG) is tracked alongside these names in Software - Application on DailyIQ — ranked by market cap, with today's move alongside.

FIGyou're hereFigma Inc. Class A$12.4B+0.50%
SHOP.TOShopify Inc.$239.5B-2.33%
CRMSalesforce, Inc.$209.9B-1.62%
INTUIntuit Inc.$91.0B-1.18%
CDNSCadence Design Systems, Inc.$78.0B-2.05%
ADSKAutodesk, Inc.$46.6B-0.28%

News Sentiment Analysis

Sentiment gathered from recent headlines

63/100

Strong NegativeNeutralStrong Positive

MODERATELY BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles

What did this article say?

KeyBanc has initiated coverage of Figma (FIG) at sector weight, assigning an overweight rating and a mean price target of $30.89. The move signals confidence in FIG’s growth prospects relative to peers. The rating reflects expectations of solid earnings momentum and continued adoption of its collaborative platform. Investors should monitor how FIG’s financials align with the new target and any subsequent analyst revisions.

What did this article say?

Keybanc’s new coverage on FIG signals a bullish stance, with analyst Jackson Ader assigning a Sector Weight rating. The initiation reflects confidence in FIG’s product pipeline and market positioning within the design and collaboration space. The rating suggests a positive outlook for short‑to‑mid‑term performance, potentially influencing investor sentiment and valuation multiples. Traders should monitor subsequent earnings guidance and any updates on FIG’s competitive strategy.

What did this article say?

Figma’s stock has fallen 59% over the past year, falling from a peak near $70 to $22.01 in September 2026. Revenue grew 48% YoY to $370.1M, but R&D spending doubled, pushing operating margin down to 10% from 16%. The AI bill has added regulatory uncertainty, while analysts maintain a mean target of $31, 40% above current price. The company’s valuation outlook remains cautious, with a long‑term target of $66 by 2030.

What did this article say?

Figma reported a 48% year‑over‑year jump in Q2 revenue, largely driven by its AI‑powered features. The company’s AI monetization strategy is proving effective, though operating margins remain pressured by stock‑based compensation and AI infrastructure costs. The revenue growth signals a strong tailwind for the platform, but cost pressures could temper profitability in the near term.

What did this article say?

FIG reported 48% revenue growth and 136% net dollar retention, supporting a hold rating. The company trades at a 79x forward earnings multiple, indicating high valuation expectations. Despite strong fundamentals, the steep multiple suggests caution for investors. Watch for future earnings guidance and valuation adjustments.

What did this article say?

Figma General Counsel Brendan Mulligan sold 109,000 Class A shares under a pre‑scheduled Rule 10b5‑1 plan, realizing $2.8 million at a price above the closing level. The sale represents 15 % of his holdings, leaving him with roughly 609,000 shares worth $13.9 million. The transaction is a standard insider‑trading activity and does not signal any change in company fundamentals or outlook. Investors should note the remaining stake and the timing of the sale relative to market conditions.

What did this article say?

Figma’s CEO Dylan Field spoke at the Goldman Sachs Communacopia + Technology Conference, outlining the company’s focus on expanding its collaborative design platform and strengthening enterprise adoption. Field emphasized new feature releases aimed at improving workflow integration and highlighted recent partnership deals with major cloud providers. While the presentation reinforced FIG’s growth trajectory, it did not disclose any new financial guidance or material operational changes, leaving the market’s view largely unchanged.

What did this article say?

Figma (FIG) reported a 48% year‑over‑year revenue increase and a 136% net dollar retention rate, underscoring strong subscription growth. However, the company’s forward P/E of 95x signals potential upside compression as AI adoption reshapes the design‑tool market. Investors should weigh the robust top‑line momentum against the high valuation multiple and the broader AI‑driven competitive landscape.

What did this article say?

Figma’s second‑quarter earnings surpassed expectations with $370.1 million in revenue, a 48% YoY jump, and 8 cents per share in non‑GAAP earnings, beating consensus by 100%. The company’s AI credit monetization program entered its first full quarter, adding seats and add‑ons that helped lift net dollar retention to 136%. Strong seat expansion and customer retention underpin the continued acceleration, positioning Figma for a positive earnings trajectory ahead of the next report.

Technical Analysis

Real-time indicators across multiple timeframes

SELL

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Institutional & Hedge Fund Ownership

1 tracked managers · $254.42M combined position · 0 adding, 0 trimming, 1 unchanged (latest 13F filings)

Manager	Trend	Shares Held	% of Co.	Position Value	Filed
Citadel Advisors LLC	• Hold	14,064,077	2.75%	$254.42M	2026-09-02

Q2 2026 flow:14.06M sh bought ($254.42M)0 sh sold ($0)net +14.06M sh (+$254.42M)

Congressional Trading Activity

4 disclosed trades · ~$56.5K est. traded value · 3 buys, 1 sells

Member	Chamber	State	Type	Amount	Traded	Filed
Cleo Fields	House	LA06	▼ Sell	$15K - $50K	2025-12-26	2026-01-16
Cleo Fields	House	LA06	▲ Buy	$1K - $15K	2025-10-10	2025-10-30
Cleo Fields	House	LA06	▲ Buy	$1K - $15K	2025-09-10	2025-09-30
Cleo Fields	House	LA06	▲ Buy	$1K - $15K	2025-08-01	2025-09-03

FIG·Figma Inc. Class A

EPS

Revenue

FIG Stock Snapshot

Is money rotating into or out of FIG's sector?

What is the options market pricing for FIG?

Are analysts turning bullish or bearish on FIG?

FIG Competitive Positioning

News Sentiment Analysis

Recent News Coverage

Technical Analysis

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News Sentiment Analysis

Recent News Coverage

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FIG·Figma Inc. Class A

EPS

Revenue

FIG Stock Snapshot

Is money rotating into or out of FIG's sector?

What is the options market pricing for FIG?

Are analysts turning bullish or bearish on FIG?

FIG Competitive Positioning

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Discover More

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Discover More

Recently Viewed

Portfolio

Email Alerts

Portfolio News

Economic Events

Earnings Events

Economic News