Piper Sandler and Stifel Update Price Targets on Figma (FIG) Following Revenue Growth and AI Product Adoption Figma Inc. (NYSE:FIG) ranks among the best short squeeze stocks to invest in.
On May 15, Piper Sandler reduced its price objective for Figma Inc. (NYSE:FIG) to $30 from $35 while keeping an Overweight rating on the company’s shares
The firm cited Figma’s first-quarter results, which showed 46% year-over-year revenue growth and a 5.5% revenue beat. Figma’s second-quarter revenue growth projection of 40% year-over-year came in 9 percentage points higher than expected. Management also increased the fiscal 2026 revenue growth midpoint to 35% year-over-year, up from around 30% previously.
The same day, Stifel cut its price objective for Figma Inc. (NYSE:FIG) from $30 to $25 while keeping a Hold rating on the company, citing a wait-and-see approach regarding Figma’s AI products. Figma Inc. (NYSE:FIG) disclosed high uptake and usage for its AI products, adding that the implementation of credit restrictions in mid-March led to early growth gains from both credit usage and seat upgrades. Figma Inc. (NYSE:FIG) provides a browser-based platform for design, prototyping, and building digital experiences.