Software firm Figma (FIG) announced today that it has teamed up with Google Cloud (GOOGL) in order to bring more AI tools to its design and product development platform. In fact, the partnership will give Figma’s 13 million+ monthly users access to Google’s advanced AI models, such as Gemini 2.5 Flash, Gemini 2.0, and Imagen 4. These models are expected to improve the design process by helping users create images, test site features, and streamline development in a faster and more intuitive way.
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According to Google, using Gemini on Google Cloud will allow Figma users to generate high-quality visuals from simple prompts, experiment with product features before launch, and cut down on repetitive tasks. Interestingly, one early result of this integration was a 50% reduction in latency for Figma’s “Make Image” tool, which means that users can now create images more quickly and with less lag, thereby making the platform more efficient overall.
It’s worth noting that today’s development comes after OpenAI (PC:OPAIQ) CEO Sam Altman announced earlier this week during his DevDay 2025 keynote that Figma will be one of the apps available through ChatGPT’s new Apps SDK. This was notable because it lets users interact with Figma directly within the ChatGPT interface. As a result, Figma’s stock is up this week following the announcement.
Is FIG Stock a Good Buy?
Turning to Wall Street, analysts have a Hold consensus rating on FIG stock based on two Buys, seven Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average FIG price target of $67.57 per share implies that shares are trading near fair value.
