Figma (NYSE:FIG) Given New $38.00 Price Target at Morgan Stanley

Figma (NYSE:FIG) had its target price lowered by equities researchers at Morgan Stanley from $44.00 to $38.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 87.41% from the company’s previous close.

A number of other analysts have also recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and issued a $35.00 price objective on shares of Figma in a research note on Thursday, February 19th. Wells Fargo & Company cut their price target on Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. The Goldman Sachs Group set a $35.00 price objective on Figma in a research report on Thursday, February 19th. Stifel Nicolaus dropped their price objective on Figma from $40.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, February 19th. Finally, BTIG Research initiated coverage on Figma in a research report on Monday, April 13th. They set a “neutral” rating for the company. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $41.88.

Figma Stock Up 7.1%

FIG stock opened at $20.28 on Friday. The business’s 50-day moving average price is $21.70 and its 200-day moving average price is $30.03. The stock has a market cap of $9.01 billion and a P/E ratio of -6.50. Figma has a twelve month low of $16.60 and a twelve month high of $142.92.

Figma (NYSE:FIG) last released its earnings results on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.27. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The company had revenue of $333.44 million during the quarter. Figma’s revenue for the quarter was up 46.1% on a year-over-year basis. On average, equities research 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, CTO Kris Rasmussen sold 179,331 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $29.80, for a total value of $5,344,063.80. Following the completion of the transaction, the chief technology officer directly owned 10,169,178 shares of the company’s stock, valued at approximately $303,041,504.40. This trade represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Brendan Mulligan sold 5,227 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $26.00, for a total transaction of $135,902.00. Following the sale, the general counsel directly owned 845,262 shares in the company, valued at approximately $21,976,812. The trade was a 0.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 745,697 shares of company stock worth $22,665,009. Insiders own 45.20% of the company’s stock.

Institutional Trading of Figma

A number of large investors have recently made changes to their positions in the business. Entropy Technologies LP purchased a new position in Figma in the first quarter worth about $2,263,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Figma during the first quarter valued at approximately $9,360,000. SC US Ttgp LTD. lifted its stake in shares of Figma by 5.8% in the 1st quarter. SC US Ttgp LTD. now owns 26,728,171 shares of the company’s stock valued at $565,034,000 after purchasing an additional 1,466,851 shares during the last quarter. GC Wealth Management RIA LLC purchased a new position in shares of Figma in the 1st quarter worth approximately $1,138,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Figma in the 1st quarter worth approximately $36,600,000.

Figma News Summary

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma reported Q1 revenue of $333.4 million and EPS of $0.10, beating expectations, with revenue up 46.1% year over year and signs that customers are expanding usage and spending. Figma Announces First Quarter 2026 Financial Results
• Positive Sentiment: The company raised its full-year revenue forecast to about $1.422 billion-$1.428 billion and lifted non-GAAP operating income guidance, suggesting AI-driven growth is translating into stronger financial performance. Figma raises annual revenue forecast as AI drives strong design demand
• Positive Sentiment: Management said adoption of Figma’s AI tools is helping convert more users to paid plans and increasing usage across larger corporate accounts, which supports a stronger long-term monetization story. Figma Lifts Outlook With More Customers, Bigger Spending
• Neutral Sentiment: Investor attention is also on whether Figma can keep sustaining its AI momentum amid broader concerns that competition and regulatory issues could affect the software and AI landscape. Anthropic spat with US emerges as risk factor for Figma, others

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.