Figma (NYSE:FIG) Stock Price Target Cut by JPMorgan Chase & Co.

Figma (NYSE:FIG) had its price target lowered by investment analysts at JPMorgan Chase & Co. from $28.00 to $24.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 27.74% from the stock’s previous close.

Several other research analysts have also recently weighed in on FIG. Morgan Stanley set a $33.00 price target on shares of Figma in a research note on Thursday, August 6th. Rothschild & Co Redburn started coverage on Figma in a research note on Monday, November 2nd. They issued a “neutral” rating and a $23.00 price objective for the company. Stifel Nicolaus decreased their target price on Figma from $25.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, October 14th. Telsey Advisory Group initiated coverage on Figma in a research report on Monday, November 2nd. They set a “hold” rating on the stock. Finally, Royal Bank Of Canada cut their price target on Figma from $28.00 to $24.00 and set a “sector perform” rating for the company in a report on Thursday. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.80.

Figma Price Performance

Shares of NYSE:FIG traded up $0.35 during trading on Thursday, hitting $18.79. The company’s stock had a trading volume of 12,577,394 shares, compared to its average volume of 10,043,809. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of -17.56 and a beta of 1.17. The company has a 50-day moving average of $22.62 and a 200-day moving average of $22.96. Figma has a 12 month low of $16.60 and a 12 month high of $45.42.

Figma (NYSE:FIG) last announced its earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating 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 company had revenue of $391.42 million during the quarter. During the same quarter last year, the firm posted $0.10 earnings per share. The business’s quarterly revenue was up 42.8% compared to the same quarter last year. As a group, research analysts anticipate that Figma will post -0.75 earnings per share for the current year.

Insider Activity

In other Figma news, major shareholder Ventures Vi (Jersey) Lp Index sold 12,475 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $25.39, for a total value of $316,740.25. Following the completion of the transaction, the insider directly owned 786,700 shares in the company, valued at $19,974,313. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Brendan Mulligan sold 11,599 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $21.30, for a total transaction of $247,058.70. Following the completion of the sale, the general counsel directly 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 ownership of the stock. 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 a total of 406,002 shares of company stock worth $11,128,663 in the last quarter. 32.26% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FIG. Amova Asset Management Americas Inc. increased its stake in Figma by 641.4% in the 1st quarter. Amova Asset Management Americas Inc. now owns 1,467,887 shares of the company’s stock worth $31,031,000 after buying an additional 1,269,900 shares in the last quarter. Greylock XIV GP LLC purchased a new position in shares of Figma in the second quarter valued at about $1,056,824,403. Rokos Capital Management LLP purchased a new position in shares of Figma in the first quarter valued at about $4,414,000. Citizens Financial Group Inc. RI bought a new position in shares of Figma in the first quarter worth about $3,429,000. Finally, Entropy Technologies LP bought a new position in shares of Figma in the first quarter worth about $2,263,000.

Figma News Summary

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

About Figma

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.