Goldman Sachs raised the firm’s price target on Figma (FIG) to $54 from $49 and keeps a Neutral rating on the shares. The firm is encouraged by Figma’s strong Q3 results and “promising” signs of AI momentum, the analyst tells investors in a research note.
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Read More on FIG:
- Figma price target lowered to $60 from $69 at BofA
- Figma, Inc. Class A: Hold Rating Maintained Amid Valuation Concerns Despite Strong Growth Metrics
- Figma Reports Record Revenue and Raises Guidance
- Closing Bell Movers: Qualcomm down 3%, Robinhood slips 2% on earnings
- Figma reports Q3 non-GAAP EPS 10c, consensus 5c
