Figma (NYSE:FIG) Price Target Lowered to $28.00 at Royal Bank Of Canada

Figma (NYSE:FIG) had its price target lowered by Royal Bank Of Canada from $31.00 to $28.00 in a report published on Friday, MarketBeat reports. The firm currently has a sector perform rating on the stock.

Other analysts also recently issued reports about the company. Wall Street Zen upgraded Figma from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Morgan Stanley decreased their price objective on Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday. Oppenheimer initiated coverage on Figma in a report on Wednesday, March 25th. They issued a “market perform” rating for the company. The Goldman Sachs Group set a $35.00 price objective on Figma in a report on Thursday, February 19th. Finally, Wells Fargo & Company decreased 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. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Figma has an average rating of “Hold” and a consensus price target of $38.63.

Figma Stock Performance

Shares of FIG opened at $22.87 on Friday. Figma has a 52 week low of $16.60 and a 52 week high of $142.92. The stock has a market capitalization of $10.16 billion and a price-to-earnings ratio of -6.67. The stock has a fifty day moving average of $21.56 and a 200-day moving average of $29.98.

Figma (NYSE:FIG) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.27. Figma had a negative return on equity of 100.81% and a negative net margin of 123.83%.The company had revenue of $333.44 million during the quarter. The company’s revenue for the quarter was up 46.1% on a year-over-year basis. As a group, equities analysts forecast that Figma will post -0.69 EPS for the current year.

Insider Activity

In other Figma news, CTO Kris Rasmussen sold 179,331 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $29.80, for a total transaction of $5,344,063.80. Following the completion of the sale, the chief technology officer directly owned 10,169,178 shares in the company, valued at approximately $303,041,504.40. This trade represents a 1.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Tyler Herb sold 1,678 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $28.47, for a total value of $47,772.66. Following the sale, the chief accounting officer owned 188,913 shares of the company’s stock, valued at approximately $5,378,353.11. The trade was a 0.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 745,697 shares of company stock worth $22,665,009. 45.20% of the stock is owned by insiders.

Institutional Trading of Figma

A number of large investors have recently bought and sold shares of FIG. CoreCap Advisors LLC acquired a new stake in Figma during the 3rd quarter worth about $57,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Figma during the 3rd quarter worth about $11,075,000. Rakuten Securities Inc. acquired a new stake in Figma during the 3rd quarter worth about $155,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Figma during the 3rd quarter worth about $78,000. Finally, Rakuten Investment Management Inc. acquired a new stake in Figma during the 3rd quarter worth about $4,425,000.

Trending Headlines about Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Q1 results topped Wall Street estimates, with revenue growth accelerating and earnings beating expectations, which helped fuel the stock’s rally. Figma Announces First Quarter 2026 Financial Results
• Positive Sentiment: Figma raised its 2026 revenue forecast, saying AI tools are driving more paid conversions, larger customer usage, and stronger spending across the platform. Reuters article
• Positive Sentiment: Analysts highlighted the upbeat quarter and guidance, with coverage noting the revenue beat, AI monetization traction, and customer expansion as key drivers of the move higher. Zacks article
• Neutral Sentiment: Several firms kept cautious ratings but trimmed price targets after the report, signaling that analysts see improving fundamentals but remain measured on valuation and competitive risks. JPMorgan note
• Neutral Sentiment: JPMorgan, Morgan Stanley, RBC, and Piper Sandler all lowered price targets, though most still see upside from current levels, which may temper some enthusiasm. Analyst target updates
• Negative Sentiment: Analyst commentary also pointed to possible AI competition and other external risks, which could limit how far the stock can run if growth slows. 247WallSt article

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.