Quick Read – Morgan Stanley and Piper Sandler both cut their price targets on Figma (FIG) despite accelerating 46% revenue growth, citing AI competition concerns rather than execution issues. – Figma’s enterprise moat and 139% net dollar retention remain strong, but AI-native…
sign tools create structural valuation headwinds that could persist even with durable growth. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Figma wasn’t one of them. Get them here FREE
Morgan Stanley lowered its price target on Figma (NYSE:FIG) to $38 from $44, maintaining an Equal Weight rating following the design software maker’s first-quarter results. The price target cut arrives despite a second straight quarter of accelerating revenue growth to 46% year over year, highlighting an unusual tension in the analyst community. Piper Sandler analyst Billy Fitzsimmons also trimmed his target to $30 from $35 while keeping an Overweight rating.
For investors in Figma stock, the message is nuanced: growth is excellent, yet the AI competition debate is compressing the multiple Wall Street will pay for it. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Figma wasn’t one of them. Get them here FREE.