Figma (NYSE:FIG) Given New $24.00 Price Target at JPMorgan Chase & Co.

Figma (NYSE:FIG) had its target price trimmed by JPMorgan Chase & Co. from $28.00 to $24.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts have also issued reports on the company. Telsey Advisory Group initiated coverage on Figma in a research report on Monday. They issued a “hold” rating on the stock. Wells Fargo & Company decreased their price target on shares of Figma from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Citigroup decreased their price target on shares of Figma from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Oppenheimer reiterated a “market perform” rating on shares of Figma in a research note on Thursday. Finally, Weiss Ratings upgraded Figma from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 6th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.90.

Figma Stock Down 17.0%

Shares of NYSE:FIG opened at $18.38 on Thursday. The company has a 50 day moving average of $22.85 and a two-hundred day moving average of $23.01. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of -17.17 and a beta of 1.17. Figma has a 52-week low of $16.60 and a 52-week high of $46.79.

Figma (NYSE:FIG) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.32. Figma had a negative net margin of 40.21% and a negative return on equity of 33.14%. The firm had revenue of $391.42 million for the quarter. During the same period last year, the firm earned $0.10 EPS. The business’s quarterly revenue was up 42.8% on a year-over-year basis. On average, equities analysts anticipate that Figma will post -0.75 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Tyler Herb sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $30.00, for a total transaction of $60,000.00. Following the transaction, the chief accounting officer owned 252,640 shares in the company, valued at $7,579,200. This trade represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Ventures Vi (Jersey) Lp Index sold 12,475 shares of Figma stock in a transaction 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 transaction, the insider owned 786,700 shares in the company, valued at approximately $19,974,313. This trade represents a 1.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 406,002 shares of company stock valued at $11,128,663. 32.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Figma

Hedge funds have recently modified their holdings of the stock. Seelaus Asset Management LLC lifted its position in shares of Figma by 6.9% in the 3rd quarter. Seelaus Asset Management LLC now owns 12,217 shares of the company’s stock valued at $257,000 after acquiring an additional 788 shares in the last quarter. Kestra Advisory Services LLC increased its position in Figma by 3.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 25,976 shares of the company’s stock worth $546,000 after purchasing an additional 803 shares during the last quarter. Allen Operations LLC raised its position in Figma by 4.3% during the first quarter. Allen Operations LLC now owns 19,596 shares of the company’s stock valued at $414,000 after acquiring an additional 813 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Figma by 9.7% during the 1st quarter. D.A. Davidson & CO. now owns 12,230 shares of the company’s stock valued at $259,000 after purchasing an additional 1,085 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Figma by 2.8% during the third quarter. Commonwealth Equity Services LLC now owns 41,617 shares of the company’s stock valued at $875,000 after buying an additional 1,133 shares in the last quarter.

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, while adjusted earnings of $0.10 per share topped 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 lifted user utilization by 40%, offering a potential path to monetize growing AI usage. The company is also developing its own design model, which could help it manage costs over time. Figma: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Two executives reported share sales: the transactions were made under pre-arranged Rule 10b5-1 plans, and each executive retained a substantial holding, tempering the signal from the sales. SEC filing
• Negative Sentiment: The main concern is that expanding AI features and models are expensive to deliver, potentially weighing on margins even as usage rises. That concern appears to have outweighed the earnings beat and stronger outlook in the market reaction. Figma stock falls as investors worry AI momentum comes at a high price
• Negative Sentiment: JPMorgan and Royal Bank of Canada each cut their price target to $24 from $28, while keeping neutral/sector-perform ratings. The reductions add to cautious sentiment following the results. JPMorgan analyst rating

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.