Ark Invest's Significant Trade: Ark Invest, led by Cathie Wood, purchased 108,238 shares of Figma Inc. for approximately $5.9 million as the stock dropped nearly 20% following disappointing earnings results.
Figma's Earnings Report: Despite Figma's revenue of $249.64 million exceeding estimates, the company's earnings per share fell short, leading to analyst downgrades and a bearish market reaction, which may have created a buying opportunity for Ark Invest.
FIG
$37.32+Infinity%1D
Analyst Views on FIG
Wall Street analysts forecast FIG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FIG is 60.86 USD with a low forecast of 52.00 USD and a high forecast of 70.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
Wall Street analysts forecast FIG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FIG is 60.86 USD with a low forecast of 52.00 USD and a high forecast of 70.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
7 Hold
0 Sell
Hold
Current: 35.940
Low
52.00
Averages
60.86
High
70.00
Current: 35.940
Low
52.00
Averages
60.86
High
70.00
Morgan Stanley
Equal Weight
downgrade
$70 -> $65
2025-11-07
Reason
Morgan Stanley
Price Target
$70 -> $65
2025-11-07
downgrade
Equal Weight
Reason
Morgan Stanley lowered the firm's price target on Figma to $65 from $70 and keeps an Equal Weight rating on the shares. Figma's first full quarter after becoming public yielded a solid set of results, and clear indications of recent investment beginning to yield, with total revenue growth exceeding consensus, the analyst tells investors in a research note. The firm noted that it has "moderated" its price target as it adjusts for peer multiples and roll forward basis year.
Goldman Sachs
Neutral
maintain
$49 -> $54
2025-11-06
Reason
Goldman Sachs
Price Target
$49 -> $54
2025-11-06
maintain
Neutral
Reason
Goldman Sachs raised the firm's price target on Figma to $54 from $49 and keeps a Neutral rating on the shares. The firm is encouraged by Figma's strong Q3 results and "promising" signs of AI momentum, the analyst tells investors in a research note.
Piper Sandler
Overweight
to
NULL
downgrade
$85 -> $70
2025-11-06
Reason
Piper Sandler
Price Target
$85 -> $70
2025-11-06
downgrade
Overweight
to
NULL
Reason
Piper Sandler lowered the firm's price target on Figma to $70 from $85 and keeps an Overweight rating on the shares. The firm notes Figma executed well in its second quarter following the July IPO, underscored by a $10M beat to the midpoint guide that drove growth of 38% year-over-year. Strong initial adoption of Figma Make coupled with solid execution reinforces Piper's confidence in this high-growth model. Despite near-term headwinds to margins in the initial stages of the AI product roll-out, the firm continues to see compelling upside potential from recent product releases and others in the pipeline that could support outsized growth over the next several quarters/years.
JPMorgan
Neutral
downgrade
$65 -> $60
2025-11-06
Reason
JPMorgan
Price Target
$65 -> $60
2025-11-06
downgrade
Neutral
Reason
JPMorgan lowered the firm's price target on Figma to $60 from $65 and keeps a Neutral rating on the shares. The company reported "healthy" Q3 results and better than expected Q4 guidance, the analyst tells investors in a research note.
About FIG
Figma, Inc. designs and develops platforms for people who build digital products together. The Company helps cross-functional teams align and build software more efficiently and ensure the advanced access and controls that large organizations require. Its products include Figma Design, Dev Mode, Figma Sites, Figma Make, Figma Draw, Figma Buzz, FigJam and Figma Slides. Figma Sites is a product that lets clients design a Website and directly publish it to the Web, with a custom URL. Figma Make is an AI-powered tool that turns a prompt into a fully functional prototype. Figma Buzz is a product for easily creating marketing assets (like social media assets and digital ads) at a scale that is consistent with brand or visual identity. Figma Draw provides a space for finer vector editing required when drawing detailed iconography and product illustrations. Figma Design combines powerful features with a collaborative workspace to help teams design and build better products together.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
