Morgan Stanley Lowers Figma (NYSE:FIG) Price Target to $70.00

Figma (NYSE:FIG) had its price objective decreased by Morgan Stanley from $80.00 to $70.00 in a report issued on Thursday,Briefing.com Automated Import reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 2.70% from the company’s current price.

A number of other analysts have also commented on the stock. Wells Fargo & Company began coverage on shares of Figma in a report on Monday, August 25th. They set an “equal weight” rating and a $82.00 target price for the company. William Blair assumed coverage on shares of Figma in a research report on Monday, August 25th. They issued an “outperform” rating on the stock. Bank of America assumed coverage on shares of Figma in a research report on Monday, August 25th. They set a “buy” rating and a $85.00 price target on the stock. Wolfe Research initiated coverage on shares of Figma in a research report on Monday, August 25th. They set a “peer perform” rating on the stock. Finally, Wall Street Zen raised shares of Figma to a “hold” rating in a report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $68.86.

Figma Price Performance

Shares of Figma stock opened at $68.16 on Thursday. The company has a market capitalization of $33.23 billion and a P/E ratio of 92.11. Figma has a fifty-two week low of $64.55 and a fifty-two week high of $142.92.

Figma (NYSE:FIG) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). Figma has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Insider Activity

In other news, Director Mamoon Amjad Hamid sold 2,756,020 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $31.52, for a total transaction of $86,869,750.40. Following the completion of the transaction, the director owned 1,559,622 shares of the company’s stock, valued at approximately $49,159,285.44. This trade represents a 63.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Greylock Xiv Gp Llc sold 3,074,755 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $31.51, for a total transaction of $96,885,530.05. Following the transaction, the insider directly owned 2,921,029 shares of the company’s stock, valued at $92,041,623.79. The trade was a 51.28% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 312,500 shares of company stock valued at $10,312,500 and have sold 19,617,451 shares valued at $618,294,215.

Figma Company Profile

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.