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

Figma (NYSE:FIG) had its target price reduced by JPMorgan Chase & Co. from $28.00 to $24.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 30.61% from the stock’s current price.

Several other research firms also recently commented on FIG. Bank of America increased their target price on shares of Figma from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Wells Fargo & Company decreased their price target on Figma from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Oppenheimer reiterated a “market perform” rating on shares of Figma in a research note on Thursday. Citigroup lowered their price objective on Figma from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Finally, Weiss Ratings upgraded shares of Figma from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 6th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Figma currently has a consensus rating of “Hold” and a consensus price target of $28.90.

Figma Price Performance

FIG traded down $3.75 during trading on Thursday, reaching $18.38. 30,115,093 shares of the stock traded hands, compared to its average volume of 16,812,836. The stock’s 50-day simple moving average is $23.03 and its two-hundred day simple moving average is $23.06. Figma has a fifty-two week low of $16.60 and a fifty-two week high of $46.79. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of -5.05 and a beta of 1.17.

Figma (NYSE:FIG) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.32. The company had revenue of $391.42 million during the quarter. Figma had a negative return on equity of 100.03% and a negative net margin of 123.15%. The firm’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same period last year, the business earned $0.10 earnings per share. Research analysts anticipate that Figma will post -0.75 earnings per share for the current fiscal 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 stock was sold at an average price of $22.63, for a total transaction of $458,619.58. Following the sale, the director owned 84,809 shares in the company, valued at $1,919,227.67. The trade was a 19.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 the 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 completion of the sale, the insider owned 786,700 shares of the company’s stock, valued at approximately $19,974,313. This trade represents a 1.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 406,002 shares of company stock valued at $11,128,663. 32.26% of the stock is currently owned by company insiders.

Institutional Trading of Figma

Large investors have recently added to or reduced their stakes in the stock. Torrey Growth & Income Advisors grew its stake in shares of Figma by 1.3% in the 3rd quarter. Torrey Growth & Income Advisors now owns 105,781 shares of the company’s stock valued at $2,238,000 after purchasing an additional 1,355 shares during the last quarter. Fulcrum Asset Management LLP purchased a new stake in shares of Figma during the third quarter worth approximately $2,510,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Figma during the third quarter worth approximately $215,000. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Figma during the third quarter worth approximately $238,000. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of 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 worth $64,581,000 after purchasing an additional 3,060,796 shares during the period.

Figma News Roundup

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma reported Q3 revenue of $391.4 million, up 42.8% year over year, and earnings of $0.10 per share, beating estimates. It also raised its 2026 revenue outlook to $1.497 billion–$1.499 billion and forecast Q4 revenue of $402 million–$404 million. Figma raises 2026 outlook and provides Q4 forecast
• Positive Sentiment: Management is seeking to monetize rising AI usage through credit add-ons and an in-house design model; a report noted usage increased after Figma repriced AI credits. If successful, these efforts could support growth and improve margins over time. Figma: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: RBC lowered its price target to $24 from $28 and retained a “sector perform” rating, signaling a more cautious outlook while still implying potential upside from the cited share price. Benzinga coverage of RBC price-target change
• Neutral Sentiment: Two executives sold shares under pre-arranged Rule 10b5-1 plans. The sales were a small portion of their remaining holdings, which may temper concern about the transactions. Tyler Herb Form 4 filing
• Negative Sentiment: Investors’ concerns about AI economics appear to outweigh the earnings beat: AI features are boosting usage, but the cost of delivering them is weighing on near-term profitability. Figma’s investment in AI models and agents adds uncertainty about whether the company can monetize demand and protect margins. Figma stock falls as investors weigh AI costs

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.