FIG

Figma continues to be plagued by concerns about AI disruption. Favorable analyst commentary helped stabilize the stock and led to a comeback in July.

Figma (NYSE:FIG) was reinstated with a ‘Buy' rating and a $30 price objective by Bank of America, with the firm arguing that artificial intelligence is likely to strengthen the company's competitive position rather than undermine it. Shares of Figma traded higher on the news, adding more than 7% at about $23 on Tuesday afternoon.

Figma Inc. (FIG) shares climbed more than 6% on Tuesday after Bank of America reinstated coverage of the design software company with a Buy rating. The brokerage argued that artificial intelligence is strengthening its competitive position and creating new opportunities for revenue growth.

BofA Securities analyst Tal Llani assigned Figma a Buy rating with a $30 price target and gave Adobe an Underperform rating with a $190 target.

Figma is a Buy at $19, driven by strong workflow integration, 46% revenue growth, and 139% Net Dollar Retention. FIG's enterprise traction is robust, with 48% growth in $100K+ ARR customers and a shift toward hybrid seat-plus-usage pricing. Gross margin compression (82% vs. 92% YoY) and high stock-based compensation temper enthusiasm; GAAP losses remain material.

FIG's strong cash flow, customer prepayments and $1.6B cash position highlight a low-capital model that supports AI investment and future growth.

Figma's stock price has imploded since its initial public offering (IPO) last year as the exuberance that fueled its private-market valuation collided with the realities of life as a publicly traded company. FIG dropped to $16 on Thursday, down sharply from the all-time high of $142.

Few stocks have fallen as far, as fast, as Figma (NYSE:FIG).

Figma and Autodesk are racing to embed AI into design software. See which company's growth outlook, margins and valuation stand out.

Figma (NYSE:FIG) co-founder and CEO Dylan Field offered a candid look at why some of the most powerful people in tech spend weekends tinkering with AI like teenagers in a garage, speaking at the Hard Fork Live event.