Figma (NYSE:FIG) Stock Price Target Cut by Royal Bank Of Canada

Figma (NYSE:FIG) had its price target lowered by research analysts at Royal Bank Of Canada from $28.00 to $24.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s target price points to a potential upside of 27.74% from the company’s previous close.

Other analysts have also issued reports about the stock. Wells Fargo & Company cut their target price on shares of Figma from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Bank of America lifted their price target on shares of Figma from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. KeyCorp assumed coverage on Figma in a research report on Monday, September 14th. They set a “sector weight” rating for the company. Rothschild & Co Redburn assumed coverage on Figma in a research note on Monday, November 2nd. They set a “neutral” rating and a $23.00 price objective for the company. Finally, Citigroup decreased their target price on Figma from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Four research 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’s stock. According to MarketBeat, Figma currently has a consensus rating of “Hold” and an average price target of $28.80.

Figma Trading Up 1.9%

FIG stock traded up $0.35 during trading hours on Thursday, hitting $18.79. 12,577,394 shares of the stock traded hands, compared to its average volume of 10,043,809. The stock has a 50-day simple moving average of $22.62 and a 200 day simple moving average of $22.96. The company has a market cap of $8.55 billion, a P/E ratio of -17.56 and a beta of 1.17. Figma has a one year low of $16.60 and a one year high of $45.42.

Figma (NYSE:FIG) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.32. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. The firm had revenue of $391.42 million for the quarter. During the same quarter last year, the firm posted $0.10 earnings per share. Figma’s revenue was up 42.8% compared to the same quarter last year. Analysts forecast that Figma will post -0.75 earnings per share for the current year.

Insider Activity

In related news, General Counsel Brendan Mulligan sold 11,599 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $21.30, for a total value of $247,058.70. Following the completion of the transaction, the general counsel owned 555,656 shares of the company’s stock, valued at approximately $11,835,472.80. This trade represents a 2.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Tyler Herb sold 1,418 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $21.62, for a total transaction of $30,657.16. Following the completion of the transaction, the chief accounting officer directly owned 246,130 shares of the company’s stock, valued at $5,321,330.60. This represents a 0.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 406,002 shares of company stock worth $11,128,663 over the last three months. 32.26% of the stock is owned by insiders.

Institutional Trading of Figma

Several hedge funds and other institutional investors have recently modified their holdings of FIG. Parallel Advisors LLC grew its holdings in shares of Figma by 3,890.0% during the first 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. Three Bridge Wealth Advisors LLC purchased a new stake in Figma in the 3rd quarter worth about $42,000. Sunbelt Securities Inc. boosted its position in Figma by 287.0% during the 1st quarter. Sunbelt Securities Inc. now owns 2,225 shares of the company’s stock worth $47,000 after acquiring an additional 1,650 shares during the period. Atlantic Private Wealth LLC acquired a new stake in Figma during the 1st quarter worth about $74,000. Finally, IFP Advisors Inc grew its stake in Figma by 176.1% during the 2nd quarter. IFP Advisors Inc now owns 4,327 shares of the company’s stock valued at $78,000 after acquiring an additional 2,760 shares in the last quarter.

Key Headlines Impacting Figma

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 beat 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 increased user utilization by 40%. Its plans to monetize AI features and develop an in-house design model could create additional growth opportunities. Figma earnings takeaways
• Neutral Sentiment: Figma’s CAO and general counsel reported share sales under pre-arranged Rule 10b5-1 plans. Both retained substantial holdings, limiting the significance of the sales as a standalone signal. Figma insider transactions
• Negative Sentiment: Despite the earnings beat and improved guidance, investors are concerned that building and delivering AI features could be costly and pressure margins as Figma invests for long-term growth. Investor concerns about AI costs
• Negative Sentiment: JPMorgan and RBC lowered their price targets to $24 and maintained neutral or sector-perform ratings, reinforcing a cautious view after the results. JPMorgan analyst update

Figma Company Profile

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.