Figma Inc. (NYSE:FIG) is one of the top 10 AI stocks that will skyrocket.
On June 25, Rishi Jaluria of RBC Capital reduced his target price for Figma Inc. (NYSE:FIG) from $28 to $22, resulting in an adjusted upside potential of more than 21%
Jaluria upheld his Sector Perform rating for the stock after taking part in the company’s 2026 User Conference and Investor Session. dboystudio/ The analyst mentioned that during the session, management revealed some creative tools and materials, shed light on the company’s extensive offerings, and how it plans to make progress toward a seat-plus-consumption framework. Despite having a sense of optimism regarding the company’s product innovation, the analyst views its offerings as being in an early stage. This makes it difficult to reliably estimate their impact on company financials.
Later on June 26, Michael Turrin from Wells Fargo also reduced his target price for Figma Inc. (NYSE:FIG) from $42 to $36, which still results in a lucrative upside potential of almost 100%. The analyst reiterated an Overweight rating on the stock, following participation in Config ’26, which has bolstered his confidence in the company’s prospects. He highlighted Figma’s impressive strategy around its design platform and intelligent canvas.