Figma, Nutanix Among Oversold Tech Stocks Presenting Buying Opportunities
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2026
0mins
Should l Buy FIG?
Source: Benzinga
- Figma Stock Performance: Figma's RSI stands at 26.9, indicating an oversold condition, with a 28% decline in stock price over the past month; analysts have lowered the price target from $65 to $48, reflecting cautious market sentiment regarding its future performance.
- Similarweb Rating Adjustment: Similarweb's RSI is at 29, nearing oversold territory, with a 10% drop in stock price over the past five days; analysts have reduced the price target from $12 to $10, indicating concerns about its short-term growth potential.
- Nutanix Downgrade: Nutanix's RSI is at 27.9, also indicating oversold status, with a 14% decline in stock price over the past five days; analysts have lowered the price target from $64 to $53, reflecting a reassessment of its future profitability.
- Market Rebound Signs: Despite recent declines in Figma and Nutanix's stock prices, both saw increases of 5% and 3.4% respectively on Thursday, suggesting potential rebound interest from the market, which may present buying opportunities for investors.
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Analyst Views on FIG
Wall Street analysts forecast FIG stock price to rise
9 Analyst Rating
3 Buy
6 Hold
0 Sell
Moderate Buy
Current: 23.100
Low
38.00
Averages
53.13
High
70.00
Current: 23.100
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.
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- Earnings Estimate Changes: Over the past three months, Figma's EPS estimates have seen no upward revisions and one downward revision, reflecting a cautious market sentiment regarding the company's profitability, which could impact investor confidence and stock performance.
- Market Reaction: As the earnings report approaches, Figma's stock has surged by 10%, erasing some year-to-date losses, suggesting that investors are optimistic about the upcoming report, potentially signaling positive developments ahead.
- Strategic Partnership: Figma's collaboration with Anthropic aims to convert AI code into designs, showcasing the company's innovative capabilities in the graphic design space and its focus on new technologies, which may provide new growth momentum in the future.
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- Market Impact: This adjustment reflects changes in market conditions and expectations for Figma's performance.
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- Improved Customer Retention: The net dollar retention rate reached 136%, up 5 percentage points quarter-over-quarter, demonstrating enhanced stickiness among high-value customer segments and further solidifying the company's market position.
- Product Expansion and Innovation: Figma expanded from 4 to 8 products and launched over 200 new features, including integration with Claude Code, driving a notable increase in user engagement with weekly active users growing over 70% quarter-over-quarter.
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- Positive Market Reaction: Major U.S. indexes rose on Wednesday, driven by tech stocks, with Nvidia shares climbing after Meta announced it would utilize the chipmaker's next-generation systems, highlighting the tech sector's strong performance's positive impact on the overall market.
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- Significant User Growth: The AI-powered tool Figma Make saw a 70% quarter-on-quarter growth in weekly active users in Q4, indicating the company's success in AI integration, which further drives user engagement and revenue growth on the platform.
- Strong Financial Performance: Figma reported quarterly revenue of $303.8 million, exceeding market expectations of $293.15 million, with a year-over-year growth rate of 40%, while earnings per share reached $0.08, showcasing the company's sustained improvement in profitability.
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- Earnings Announcement: Figma, Inc. is set to release its Q4 2023 earnings report on February 18 after market close, with consensus EPS estimated at $0.06 and revenue projected at $293.15 million, indicating investor interest in the company's financial performance.
- Earnings Estimate Changes: Over the past three months, Figma's EPS estimates have seen no upward revisions and one downward revision, reflecting a cautious market sentiment regarding the company's profitability, which could impact investor confidence and stock performance.
- Market Reaction: As the earnings report approaches, Figma's stock has surged by 10%, erasing some year-to-date losses, suggesting that investors are optimistic about the upcoming report, potentially signaling positive developments ahead.
- Strategic Partnership: Figma's collaboration with Anthropic aims to convert AI code into designs, showcasing the company's innovative capabilities in the graphic design space and its focus on new technologies, which may provide new growth momentum in the future.
See More
FIGMA INC: RBC LOWERS TARGET PRICE FROM $38 TO $31
- Price Adjustment: RBC has cut the target price for Figma from $38 to $31.
- Market Impact: This adjustment reflects changes in market conditions and expectations for Figma's performance.
See More
Major US Indices Rise; Carvana's Strong Earnings Capture Attention
- Carvana's Strong Performance: Carvana reported a 58% year-over-year revenue increase to $5.60 billion in Q4, exceeding the $5.26 billion consensus, with 163,522 vehicles sold, a 43% rise from last year, indicating robust market demand and sales capability.
- Figma Beats Expectations: Figma's EPS of 8 cents surpassed the 7-cent estimate, with revenue rising from $216.95 million last year to $303.78 million, and first-quarter revenue guidance of $315 million to $317 million further boosts market confidence.
- DoorDash Earnings Miss: DoorDash posted an EPS of 48 cents, below the 60-cent consensus, while revenue of $3.96 billion, although significantly up from $2.87 billion last year, fell short of the $3.99 billion estimate, reflecting ongoing profitability challenges.
- Occidental Stock Surge: Occidental Petroleum shares rose 2.55% to $47.11, with a 52-week range of $34.78 to $52.58, indicating market optimism regarding its future performance.
See More
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- Significant Revenue Growth: Figma achieved $304 million in revenue for Q4 2025, marking a 40% year-over-year increase that exceeded expectations, indicating strong market performance and sustained customer demand.
- Improved Customer Retention: The net dollar retention rate reached 136%, up 5 percentage points quarter-over-quarter, demonstrating enhanced stickiness among high-value customer segments and further solidifying the company's market position.
- Product Expansion and Innovation: Figma expanded from 4 to 8 products and launched over 200 new features, including integration with Claude Code, driving a notable increase in user engagement with weekly active users growing over 70% quarter-over-quarter.
- Optimistic Future Outlook: The CFO projected Q1 2026 revenue between $315 million and $317 million, with full-year revenue expected to range from $1.366 billion to $1.374 billion, reflecting the company's confidence in future growth and ongoing market expansion strategies.
See More
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- Rate Policy Disagreement: The Federal Reserve's meeting minutes reveal divisions among officials, with some prioritizing labor market support over inflation control, indicating potential uncertainty in market expectations regarding future rate movements.
- Positive Market Reaction: Major U.S. indexes rose on Wednesday, driven by tech stocks, with Nvidia shares climbing after Meta announced it would utilize the chipmaker's next-generation systems, highlighting the tech sector's strong performance's positive impact on the overall market.
- Oil Price Surge: Oil prices jumped over 4% after U.S. Vice President JD Vance stated that Iran is not yet willing to acknowledge certain
See More
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- Product Expansion and Innovation: Figma expanded its product lineup from four to eight in 2025 and launched over 200 new features, including AI and native functionalities, demonstrating the company's ongoing innovation in the digital design space and enhancing its competitive edge.
- Significant User Growth: The AI-powered tool Figma Make saw a 70% quarter-on-quarter growth in weekly active users in Q4, indicating the company's success in AI integration, which further drives user engagement and revenue growth on the platform.
- Strong Financial Performance: Figma reported quarterly revenue of $303.8 million, exceeding market expectations of $293.15 million, with a year-over-year growth rate of 40%, while earnings per share reached $0.08, showcasing the company's sustained improvement in profitability.
- Market Sentiment Shift: Following Figma's strong earnings report, investor sentiment shifted from 'bearish' to 'extremely bullish', with shares soaring nearly 20% in after-hours trading, reflecting optimism about the company's future growth potential.
See More
