Devon Energy Analyst Starts Coverage Optimistically; Check Out the Top 5 Initiations for Monday
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 25 2025
0mins
Source: Benzinga
Analyst Coverage Initiations: Several Wall Street analysts have initiated coverage on various companies, providing new ratings and price targets.
Crescent Biopharma: Jefferies analyst Akash Tewari rated Crescent Biopharma (CBIO) as a Buy with a price target of $26, while shares closed at $15.06.
Gates Industrial Corporation: JP Morgan's Tomohiko Sano gave Gates Industrial (GTES) an Overweight rating with a price target of $35; the stock closed at $25.23.
Other Notable Ratings: Wells Fargo rated Figma (FIG) as Equal-Weight with a target of $82, and Stifel rated Ambiq Micro (AMBQ) as Buy with a target of $45.
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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 53.13 USD with a low forecast of 38.00 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
3 Buy
6 Hold
0 Sell
Moderate Buy
Current: 30.060
Low
38.00
Averages
53.13
High
70.00
Current: 30.060
Low
38.00
Averages
53.13
High
70.00
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.
Figma's Stock Decline Presents Long-Term Opportunities
- Revenue Growth Potential: Figma's trailing twelve-month revenue is nearing $1 billion, with expectations to rise to nearly $1.3 billion this year and over $1.5 billion next year, indicating strong market demand and growth potential.
- High User Retention: The company boasts a revenue retention rate of 131%, suggesting that users continue to increase their spending over time, reflecting high product stickiness and customer satisfaction.
- Attractive Valuation: Despite the stock's decline, Figma's price-to-sales ratio has slipped to 14, making it an appealing investment given the potential for 50% revenue growth over the next two years.
- Market Sentiment Shift: While AI technology has spooked investors away from software stocks, Figma's ongoing growth and potential shifts in market sentiment could lead to a rebound in its stock price, offering significant returns for investors.
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Figma Shares Plunge 9.4% Amid Software Sell-Off
- Stock Decline: Figma's shares fell 9.4% amid a broader software sector sell-off, nearing all-time lows, reflecting investor concerns over AI potentially cannibalizing design software revenues, prompting a reassessment of high valuations.
- Industry Impact: Despite strong earnings from ServiceNow and Microsoft, both reporting 21% subscription revenue growth, market unease about AI's long-term effects continues to pressure Figma's stock price.
- Market Expectations: Figma is set to report its fourth-quarter earnings on February 18, with analysts forecasting revenue of $293.2 million and adjusted earnings per share of $0.06, but the company's ability to counter the AI disruption narrative remains a critical challenge.
- Valuation Reevaluation: As AI threats loom, investors are reassessing the software sector's historically high valuations, which were previously supported by the resilience of cloud subscription models and high gross margins, potentially leading to further stock price volatility.
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