Figma (NYSE:FIG) Price Target Cut to $34.00 by Analysts at Citigroup

Posted by Brenda Bartman on Nov 7th, 2026

Figma (NYSE:FIG – Free Report) had its price objective decreased by Citigroup from $35.00 to $34.00 in a research report sent to investors on Friday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada dropped their price target on Figma from $28.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Thursday. Morgan Stanley set a $33.00 price objective on shares of Figma in a research report on Thursday, August 6th. Wells Fargo & Company reduced their price objective on shares of Figma from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Weiss Ratings upgraded shares of Figma from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. Finally, KeyCorp started coverage on shares of Figma in a research report on Monday, September 14th. They issued a “sector weight” rating on the stock. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $28.80.

View Our Latest Stock Report on FIG

Figma Price Performance

NYSE FIG traded up $0.35 during trading on Friday, reaching $18.79. 12,577,394 shares of the company’s stock were exchanged, compared to its average volume of 10,043,809. The business has a 50 day moving average price of $22.62 and a 200-day moving average price of $22.96. The stock has a market capitalization of $8.55 billion, a P/E ratio of -17.56 and a beta of 1.17. Figma has a fifty-two week low of $16.60 and a fifty-two week high of $45.42.

Figma (NYSE:FIG – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.32. Figma had a negative return on equity of 100.03% and a negative net margin of 123.15%. The firm had revenue of $391.42 million for the quarter. During the same quarter in the prior year, the company earned $0.10 EPS. Figma’s quarterly revenue was up 42.8% on a year-over-year basis. On average, analysts forecast that Figma will post -0.75 earnings per share for the current year.

Insider Activity at Figma

In related news, General Counsel Brendan Mulligan sold 211,599 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $29.79, for a total value of $6,303,534.21. Following the completion of the sale, the general counsel directly owned 727,952 shares in the company, valued at $21,685,690.08. The trade was a 22.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lynn Vojvodich Radakovich sold 20,266 shares of the business’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $22.63, for a total value of $458,619.58. Following the completion of the sale, the director owned 84,809 shares of the company’s stock, valued at $1,919,227.67. This trade represents a 19.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 406,002 shares of company stock valued at $11,128,663 in the last 90 days. Corporate insiders own 32.26% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. AlpInvest Partners B.V. lifted its holdings in shares of Figma by 50.0% during the third quarter. AlpInvest Partners B.V. now owns 226,899 shares of the company’s stock worth $4,769,000 after buying an additional 75,658 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Figma by 14.2% in the third quarter. Russell Investments Group Ltd. now owns 20,049 shares of the company’s stock valued at $421,000 after acquiring an additional 2,491 shares in the last quarter. Three Bridge Wealth Advisors LLC acquired a new position in shares of Figma in the third quarter valued at about $42,000. Machina Capital S.A.S. bought a new position in Figma during the third quarter worth about $296,000. Finally, Torrey Growth & Income Advisors increased its position in Figma by 1.3% during the third quarter. Torrey Growth & Income Advisors now owns 105,781 shares of the company’s stock worth $2,238,000 after acquiring an additional 1,355 shares during the period.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

Positive Sentiment: Q3 revenue rose 42.8% year over year to $391.4 million, while adjusted earnings of $0.10 per share beat estimates. Figma also raised its 2026 revenue outlook to $1.497 billion–$1.499 billion and forecast Q4 revenue of $402 million–$404 million. Figma Q3 earnings report
Positive Sentiment: Figma said repricing AI credits increased user utilization by 40%. Its plans to monetize AI features and develop an in-house design model could create additional growth opportunities. Figma earnings takeaways
Neutral Sentiment: Figma’s CAO and general counsel reported share sales under pre-arranged Rule 10b5-1 plans. Both retained substantial holdings, limiting the significance of the sales as a standalone signal. Figma insider transactions
Negative Sentiment: Despite the earnings beat and improved guidance, investors are concerned that building and delivering AI features could be costly and pressure margins as Figma invests for long-term growth. Investor concerns about AI costs
Negative Sentiment: JPMorgan and RBC lowered their price targets to $24 and maintained neutral or sector-perform ratings, reinforcing a cautious view after the results. JPMorgan analyst update

Figma Company Profile

(Get Free Report)

Figma, Inc (NYSE: FIG) develops collaborative software for designing digital products and user experiences. Its browser-based platform enables teams to create, prototype, review and manage designs in real time, supporting collaboration among designers, developers, product managers and other stakeholders.

The company’s product portfolio includes Figma Design, a collaborative interface-design and prototyping tool; FigJam, an online whiteboard for brainstorming and planning; and Dev Mode, which helps developers inspect designs and translate them into software.