Figma's Value Plummets 54%: Is AI the Solution?

Figma's Stock Performance: Figma's stock (FIG) has seen a significant decline of 54% since its IPO, currently priced at $48.73, down from an initial surge to $142.92 shortly after debuting on the NYSE.

Competitive Landscape: Figma competes with Adobe in the interactive product design space, and while it initially benefited from Adobe's failed acquisition, both companies now face challenges from Google's AI advancements that could impact their market positions.

AI Integration: Figma has acquired the Israeli AI startup Weavy for $200 million to enhance its offerings with AI-driven features, positioning itself as an AI-agnostic platform to remain competitive in the evolving tech landscape.

Analyst Outlook: Despite current stock challenges, analysts maintain a positive outlook for Figma, with an average price target of $67.57 per share, suggesting potential for recovery above its current valuation.