Figma (NYSE:FIG) Earns “Overweight” Rating from Piper Sandler

Figma (NYSE:FIG)‘s stock had its “overweight” rating reissued by equities researchers at Piper Sandler in a research report issued to clients and investors on Thursday, Marketbeat reports. They currently have a $35.00 price objective on the stock. Piper Sandler’s price objective points to a potential upside of 33.28% from the company’s current price.

Several other research firms also recently issued reports on FIG. Wells Fargo & Company decreased their price objective on shares of Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday. Stifel Nicolaus began coverage on Figma in a report on Wednesday, January 7th. They issued a “hold” rating and a $40.00 price target for the company. Morgan Stanley cut their price objective on Figma from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. lowered their target price on Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $43.25.

Figma Trading Up 1.5%

NYSE FIG opened at $26.26 on Thursday. The business’s 50-day moving average price is $30.93 and its 200 day moving average price is $46.66. Figma has a twelve month low of $19.85 and a twelve month high of $142.92. The company has a market capitalization of $11.58 billion and a PE ratio of -8.42.

Figma (NYSE:FIG) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.28. Figma had a negative return on equity of 97.03% and a negative net margin of 121.87%.The company had revenue of $303.78 million during the quarter. The business’s revenue for the quarter was up 40.1% on a year-over-year basis.

Insider Activity at Figma

In other news, CTO Kris Rasmussen sold 205,438 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $25.01, for a total transaction of $5,138,004.38. Following the completion of the sale, the chief technology officer owned 10,418,905 shares of the company’s stock, valued at approximately $260,576,814.05. This trade represents a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dylan Field sold 250,000 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $34.76, for a total transaction of $8,690,000.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,781,925 shares of company stock valued at $59,260,303. Company insiders own 45.20% of the company’s stock.

Hedge Funds Weigh In On Figma

Several large investors have recently modified their holdings of the stock. SC US Ttgp LTD. bought a new stake in Figma in the third quarter valued at about $1,310,305,000. ICONIQ Capital LLC bought a new stake in shares of Figma in the 3rd quarter valued at approximately $1,108,879,000. a16z Capital Management L.L.C. acquired a new stake in shares of Figma during the 3rd quarter valued at approximately $842,687,000. Viking Global Investors LP bought a new position in Figma during the fourth quarter worth $214,967,000. Finally, Durable Capital Partners LP acquired a new position in Figma in the third quarter worth $278,510,000.

Key Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Q4 beat and raised outlook — Figma reported $303.8M in revenue (+40% YoY), beat EPS, and issued FY26 revenue guidance above Street estimates, which drove after‑hours buying and a strong short‑term rally. Figma shares climb on earnings beat, but analysts note that AI risk remains
• Positive Sentiment: AI partnership & monetization add upside — Management highlighted an Anthropic “Code to Canvas” integration and will begin enforcing AI credit limits / pay‑as‑you‑go pricing in March, positioning consumption revenue to lift ARPU as AI usage grows. Figma’s Anthropic Integration Could Flip the SaaSpocalypse Script
• Positive Sentiment: Strong retention and non‑designer adoption — Net dollar retention ~136%, growth in Figma Make (many users are non‑designers) and rising $100k+ customers point to stickiness and expanding TAM. Figma: Strong Results, Topping Expectations
• Positive Sentiment: Analyst / options flow supports momentum — Piper Sandler reaffirmed overweight with a $35 PT and unusual call buying showed speculative / institutional interest ahead of/after the print. Piper Sandler Reiterates Overweight Rating on Figma Inc (FIG)
• Neutral Sentiment: Management framing reduces AI scare but execution matters — Execs emphasized AI as a complement to employees, which calmed some fears but the market will watch adoption and monetization cadence. Figma stock is on the rise again. The software firm just gave a refreshingly human response to a question about AI
• Neutral Sentiment: Volatility & valuation disconnect — Despite strong results, FIG is still well below its IPO/peak levels and remains volatile; some analysts call the current entry point questionable given the market value vs. execution risk. Figma: Good Company, Good Q4, Questionable Entry Point
• Negative Sentiment: Margins, dilution and heavy spend remain worries — Several writeups flag lumpy operating margins, continued equity dilution and ongoing high R&D / S&M spend that could keep profitability choppy as growth is defended. Figma Suffers AI SaaS Success – Lumpy Margins And Equity Dilution Continue
• Negative Sentiment: Bear case / stock is still a risky entry — Commentary argues FIG is a risky investment at current multiples given macro sensitivity, competitive threats and the potential for AI to change costs/users over time. Figma: Risky Investment Proposition

Figma Company Profile

Figma is a San Francisco–based software company that offers a web-based platform for interface design, prototyping and collaboration. Its flagship product, Figma, enables teams to create and refine user interfaces, vector graphics and design systems directly in a browser, eliminating the need for local installations. The platform’s real-time collaboration features allow multiple stakeholders—designers, developers and product managers—to edit and comment simultaneously, streamlining workflows and reducing version control issues.

In addition to its core design tool, Figma provides FigJam, a digital whiteboarding solution that facilitates brainstorming sessions, wireframing and diagramming.