Citigroup Has Lowered Expectations for Figma (NYSE:FIG) Stock Price

Figma (NYSE:FIG) had its target price reduced by analysts at Citigroup from $35.00 to $34.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup‘s target price would indicate a potential upside of 80.97% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Telsey Advisory Group began coverage on shares of Figma in a research report on Monday. They set a “hold” rating for the company. Oppenheimer reaffirmed a “market perform” rating on shares of Figma in a research report on Thursday. Stifel Nicolaus reduced their target price on shares of Figma from $25.00 to $22.00 and set a “hold” rating for the company in a research note on Wednesday, October 14th. Wells Fargo & Company lowered their target price on Figma from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Finally, Weiss Ratings raised Figma from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 6th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $28.80.

Figma Stock Performance

NYSE FIG traded up $0.35 during trading hours on Friday, reaching $18.79. 12,572,701 shares of the company’s stock were exchanged, compared to its average volume of 16,793,570. The company’s 50-day moving average is $22.85 and its two-hundred day moving average is $23.01. Figma has a one year low of $16.60 and a one year high of $45.42. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of -17.56 and a beta of 1.17.

Figma (NYSE:FIG) last announced its earnings results on Wednesday, November 4th. The company reported $0.10 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 quarter last year, the business posted $0.10 earnings per share. The business’s quarterly revenue was up 42.8% on a year-over-year basis. Research analysts predict that Figma will post -0.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Figma

In other Figma news, Director Daniel H. Rimer sold 12,475 shares of the business’s stock in a transaction dated 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 directly owned 786,700 shares of the company’s stock, valued at $19,974,313. The trade was a 1.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Brendan Mulligan sold 211,599 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $29.79, for a total transaction of $6,303,534.21. Following the sale, the general counsel directly owned 727,952 shares in the company, valued at $21,685,690.08. This trade represents a 22.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 valued at $11,128,663 in the last three months. 32.26% of the stock is currently owned by insiders.

Institutional Trading of Figma

Institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its position in Figma by 14.2% during the third quarter. Russell Investments Group Ltd. now owns 20,049 shares of the company’s stock valued at $421,000 after purchasing an additional 2,491 shares during the last quarter. Three Bridge Wealth Advisors LLC acquired a new position in shares of Figma during the 3rd quarter worth approximately $42,000. Machina Capital S.A.S. acquired a new position in shares of Figma during the 3rd quarter worth approximately $296,000. Torrey Growth & Income Advisors increased its position in shares of Figma by 1.3% during the 3rd quarter. Torrey Growth & Income Advisors now owns 105,781 shares of the company’s stock worth $2,238,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Fulcrum Asset Management LLP bought a new stake in shares of Figma during the 3rd quarter worth approximately $2,510,000.

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.