Figma (NYSE:FIG) Given New $28.00 Price Target at Royal Bank Of Canada

Figma (NYSE:FIG) had its price objective reduced by equities researchers at Royal Bank Of Canada from $31.00 to $28.00 in a report released on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 23.92% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. BTIG Research started coverage on shares of Figma in a report on Monday, April 13th. They issued a “neutral” rating on the stock. The Goldman Sachs Group set a $35.00 target price on shares of Figma in a report on Thursday, February 19th. Morgan Stanley reduced their price target on shares of Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday. Wells Fargo & Company cut their price objective on Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Finally, Piper Sandler reiterated an “overweight” rating and set a $30.00 price objective (down from $35.00) on shares of Figma in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Figma has a consensus rating of “Hold” and a consensus price target of $41.50.

Figma Price Performance

Figma stock opened at $22.60 on Friday. The firm has a market capitalization of $10.04 billion and a P/E ratio of -7.17. Figma has a one year low of $16.60 and a one year high of $142.92. The business has a fifty day moving average price of $21.70 and a 200-day moving average price of $30.03.

Figma (NYSE:FIG) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.27. Figma had a negative return on equity of 97.03% and a negative net margin of 121.87%.The company had revenue of $333.44 million for the quarter. The company’s revenue for the quarter was up 46.1% on a year-over-year basis. Sell-side analysts expect that Figma will post -0.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Figma

In related news, CAO Tyler Herb sold 1,678 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $28.47, for a total transaction of $47,772.66. Following the completion of the transaction, the chief accounting officer directly owned 188,913 shares in the company, valued at approximately $5,378,353.11. The trade was a 0.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Shaunt Voskanian sold 8,554 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $30.00, for a total transaction of $256,620.00. Following the completion of the sale, the executive directly owned 1,580,181 shares of the company’s stock, valued at $47,405,430. This represents a 0.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 745,697 shares of company stock worth $22,665,009. 45.20% of the stock is owned by corporate insiders.

Institutional Trading of Figma

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC lifted its stake in shares of Figma by 3,890.0% during the 1st quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock valued at $25,000 after buying an additional 1,167 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in Figma in the 3rd quarter worth $26,000. NewEdge Advisors LLC bought a new stake in Figma during the third quarter valued at about $26,000. DV Equities LLC bought a new stake in Figma during the fourth quarter valued at about $26,000. Finally, Concord Wealth Partners lifted its position in shares of Figma by 1,446.8% in the fourth quarter. Concord Wealth Partners now owns 727 shares of the company’s stock valued at $27,000 after acquiring an additional 680 shares in the last quarter.

Figma News Roundup

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma beat Q1 earnings and revenue estimates, with revenue up 46.1% year over year and management pointing to stronger customer expansion and heavier platform usage.
• Positive Sentiment: The company raised its fiscal 2026 revenue outlook and boosted non-GAAP operating income guidance, reinforcing the case that AI-driven monetization is gaining traction.
• Positive Sentiment: Several reports highlighted “surging” demand and improved enterprise adoption, which helped drive premarket strength in the stock.
• Neutral Sentiment: Piper Sandler reaffirmed an overweight rating and set a $30 target, while Morgan Stanley lowered its target to $38 and kept an equal-weight rating, reflecting constructive but more cautious expectations.
• Negative Sentiment: Despite the strong quarter, Figma remains unprofitable on a net basis, and some commentary noted lingering questions around costs, valuation, and how durable the AI growth narrative will be.

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.