Royal Bank Of Canada Has Lowered Expectations for Figma (NYSE:FIG) Stock Price

Figma (NYSE:FIG) had its price target lowered by investment analysts at Royal Bank Of Canada from $28.00 to $24.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s price objective would indicate a potential upside of 28.45% from the company’s previous close.

A number of other brokerages have also recently commented on FIG. Telsey Advisory Group began coverage on Figma in a research report on Monday. They set a “hold” rating for the company. Weiss Ratings raised Figma from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. Stifel Nicolaus decreased their target price on Figma from $25.00 to $22.00 and set a “hold” rating for the company in a report on Wednesday, October 14th. Oppenheimer reiterated a “market perform” rating on shares of Figma in a report on Thursday. Finally, Piper Sandler restated an “overweight” rating on shares of Figma in a research note on Monday, October 26th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.70.

Figma Stock Performance

FIG stock traded down $3.44 during trading on Thursday, reaching $18.68. The company had a trading volume of 20,477,130 shares, compared to its average volume of 16,763,676. Figma has a twelve month low of $16.60 and a twelve month high of $46.79. The company has a market cap of $8.50 billion, a price-to-earnings ratio of -5.11 and a beta of 1.17. The firm has a 50-day simple moving average of $23.03 and a 200-day simple moving average of $23.06.

Figma (NYSE:FIG) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.32. The business had revenue of $391.42 million during the quarter. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. The company’s quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Sell-side analysts expect that Figma will post -0.75 earnings per share for the current year.

Insider Activity

In related news, Director Lynn Vojvodich Radakovich sold 20,266 shares of the business’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $22.63, for a total value of $458,619.58. Following the completion of the transaction, the director directly owned 84,809 shares in the company, valued at $1,919,227.67. The trade was a 19.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Daniel Rimer sold 12,475 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $25.39, for a total transaction of $316,740.25. Following the sale, the director owned 786,700 shares in the company, valued at approximately $19,974,313. This represents a 1.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 393,296 shares of company stock worth $10,858,069. 32.26% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FIG. Greylock XIV GP LLC purchased a new stake in Figma in the 2nd quarter worth $1,056,824,403. SC US Ttgp LTD. raised its position in Figma by 5.8% during the first quarter. SC US Ttgp LTD. now owns 26,728,171 shares of the company’s stock worth $565,034,000 after acquiring an additional 1,466,851 shares during the period. Bank of America Corp DE lifted its holdings in Figma by 428.1% during the first quarter. Bank of America Corp DE now owns 4,180,575 shares of the company’s stock valued at $88,377,000 after purchasing an additional 3,388,902 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in Figma by 26,445.4% during the third quarter. Pictet Asset Management Holding SA now owns 3,072,370 shares of the company’s stock valued at $64,581,000 after purchasing an additional 3,060,796 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Figma in the first quarter valued at about $36,600,000.

Key Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Q3 revenue rose 42.8% year over year to $391.4 million, and earnings beat expectations. Figma also forecast Q4 revenue of $402 million to $404 million and raised its 2026 revenue outlook to $1.497 billion–$1.499 billion. Figma forecasts Q4 revenue and raises 2026 outlook
• Positive Sentiment: Figma said repricing AI credit add-ons helped increase user utilization by 40%, indicating stronger engagement and a potential route to monetizing AI features. Figma: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Figma plans to rely on its own design model as it develops AI products and seeks to improve margins; the payoff depends on execution and the economics of delivering those tools. Figma banking on AI credits and in-house model to lift margins
• Negative Sentiment: Investors are concerned that AI features and development are expensive. Those costs could pressure margins, tempering the upbeat revenue growth and guidance and helping explain why shares fell after the earnings release. Figma’s stock falls as investors worry that AI momentum is coming at a high price

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.