Figma (NYSE:FIG) Given New $38.00 Price Target at Morgan Stanley

Posted by Brenda Bartman on May 16th, 2026

Figma (NYSE:FIG – Free Report) had its target price lowered by Morgan Stanley from $44.00 to $38.00 in a research note issued to investors on Friday morning, MarketBeat.com reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other research analysts also recently issued reports on FIG. BTIG Research began coverage on shares of Figma in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Stifel Nicolaus lowered their price objective on shares of Figma from $40.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday, February 19th. Oppenheimer began coverage on shares of Figma in a research report on Wednesday, March 25th. They set a “market perform” rating on the stock. Piper Sandler reissued an “overweight” rating and set a $35.00 price objective on shares of Figma in a research report on Thursday, February 19th. Finally, Wall Street Zen raised shares of Figma from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Figma presently has an average rating of “Hold” and a consensus target price of $38.63.

Read Our Latest Research Report on FIG

Figma Stock Performance

Shares of Figma stock opened at $22.87 on Friday. Figma has a 1 year low of $16.60 and a 1 year high of $142.92. The company has a market capitalization of $10.16 billion and a P/E ratio of -6.67. The company’s fifty day moving average is $21.56 and its two-hundred day moving average is $29.98.

Figma (NYSE:FIG – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.27. Figma had a negative net margin of 123.83% and a negative return on equity of 100.81%. The company had revenue of $333.44 million for the quarter. Figma’s quarterly revenue was up 46.1% on a year-over-year basis. As a group, equities analysts expect that Figma will post -0.69 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Tyler Herb sold 1,678 shares of Figma stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $28.47, for a total value of $47,772.66. Following the sale, the chief accounting officer owned 188,913 shares of the company’s stock, valued at $5,378,353.11. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Shaunt Voskanian sold 8,554 shares of Figma stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $30.00, for a total transaction of $256,620.00. Following the completion of the sale, the executive directly owned 1,580,181 shares in the company, valued at approximately $47,405,430. The trade was a 0.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 745,697 shares of company stock valued at $22,665,009. Corporate insiders own 45.20% of the company’s stock.

Institutional Trading of Figma

Several hedge funds and other institutional investors have recently made changes to their positions in FIG. SC US Ttgp LTD. purchased a new stake in shares of Figma in the third quarter valued at about $1,310,305,000. ICONIQ Capital LLC purchased a new stake in shares of Figma in the third quarter valued at about $1,108,879,000. a16z Capital Management L.L.C. purchased a new stake in shares of Figma in the third quarter valued at about $842,687,000. Viking Global Investors LP purchased a new stake in shares of Figma in the fourth quarter valued at about $214,967,000. Finally, Durable Capital Partners LP acquired a new stake in shares of Figma in the third quarter valued at about $278,510,000.

Trending Headlines about Figma

Here are the key news stories impacting Figma this week:

Positive Sentiment: Q1 results topped Wall Street estimates, with revenue growth accelerating and earnings beating expectations, which helped fuel the stock’s rally. Figma Announces First Quarter 2026 Financial Results
Positive Sentiment: Figma raised its 2026 revenue forecast, saying AI tools are driving more paid conversions, larger customer usage, and stronger spending across the platform. Reuters article
Positive Sentiment: Analysts highlighted the upbeat quarter and guidance, with coverage noting the revenue beat, AI monetization traction, and customer expansion as key drivers of the move higher. Zacks article
Neutral Sentiment: Several firms kept cautious ratings but trimmed price targets after the report, signaling that analysts see improving fundamentals but remain measured on valuation and competitive risks. JPMorgan note
Neutral Sentiment: JPMorgan, Morgan Stanley, RBC, and Piper Sandler all lowered price targets, though most still see upside from current levels, which may temper some enthusiasm. Analyst target updates
Negative Sentiment: Analyst commentary also pointed to possible AI competition and other external risks, which could limit how far the stock can run if growth slows. 247WallSt article

About Figma

(Get Free Report)

Figma is a San Francisco–based software company that offers a web-based platform for interface design, prototyping and collaboration. Its flagship product, Figma, enables teams to create and refine user interfaces, vector graphics and design systems directly in a browser, eliminating the need for local installations. The platform’s real-time collaboration features allow multiple stakeholders—designers, developers and product managers—to edit and comment simultaneously, streamlining workflows and reducing version control issues.

In addition to its core design tool, Figma provides FigJam, a digital whiteboarding solution that facilitates brainstorming sessions, wireframing and diagramming.