Piper Sandler Reiterates Buy Rating for Figma, Inc.
Piper Sandler maintains a buy rating on Figma with a $30 price target, a 61.12% upside from the current price.
Key Points
- Piper Sandler reiterated its buy rating on Figma, Inc. (NYSE:FIG) with a $30 price target on June 25, 2026.
- Piper Sandler's $30 price target implies 61.12% upside from Figma, Inc.'s ($FIG) current $18.62 share price.
- Shares of Figma traded near $18.64 on Thursday, with a market cap of $10.08 billion and a forward P/E of 56.6.
- Insiders, including the Chief Revenue Officer, made planned sales in June, while analysts maintain a buy consensus.
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Piper Sandler reiterated its buy rating on Figma, Inc. (NYSE:FIG) on June 25, 2026, setting a price target of $30. Shares of Figma traded at $18.64 on Thursday, reflecting the firm's confidence in the company's potential growth.
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Figma, Inc. Stock Down 35.4%
Shares of NYSE:FIG traded near $18.64 on Thursday. Figma, Inc. has a market capitalization of approximately $10.08 billion. The company is not currently profitable, which means it has no meaningful P/E ratio, but it does have a forward P/E of 56.6. The stock's 52-week range is $16.6 to $142.92, with a 50-day moving average of $20.28 and a 200-day moving average of $33.95. Figma maintains a current ratio of 2.5 and a quick ratio of 2.359, with a debt-to-equity ratio of 3.855.
$FIG price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Other Institutional Activity in Figma
Several institutional investors have been active in Figma. SC US (TTGP), LTD. increased its holdings by 1,466,851 shares, ending with 26,728,171 shares worth about $565 million, a 5.8% increase. FMR LLC significantly boosted its stake by 11,305,985 shares, reaching 20,735,448 shares valued at roughly $438 million, marking a 119.9% increase. Meanwhile, A16Z Capital Management, L.L.C. slightly trimmed its position by 234,751 shares, holding 16,011,378 shares valued at $338 million, a 1.4% decrease. Price T Rowe Associates Inc /MD/ saw a substantial increase of 10,716,610 shares, bringing its total to 12,518,656 shares worth about $265 million, a 594.7% increase.
Insider Buying and Selling at Figma, Inc.
In June, several insiders at Figma, Inc. engaged in stock transactions. Chief Revenue Officer Shaunt Voskanian sold 87,510 shares at an average price of $23.01 under a planned sale. Similarly, CFO and Treasurer Praveer Melwani sold 83,974 shares at an average price of $22.77, also as part of a planned transaction. On June 2, insiders including John Osborne Lilly III, Andrew Phillips Reed, Luis Von Ahn, and Kelly Kramer each bought 12,415 shares.
Analysts Set New Price Targets
On June 25, 2026, Piper Sandler reiterated its buy rating on Figma, setting a price target of $30. Citigroup also initiated coverage on June 17, 2026, with a buy rating and a $36 target. Previously, on May 15, 2026, JP Morgan, RBC Capital, and Morgan Stanley all maintained a hold rating with targets of $42, $28, and $38, respectively. The consensus among analysts is a buy with a mean target price of $36.78 from nine opinions.
About Figma, Inc.
Figma, Inc. is a technology company based in San Francisco, California. It specializes in developing a browser-based platform for collaborative design, prototyping, and building digital experiences. Founded in 2012, the company is led by CEO Dylan Field and employs around 1,886 people. Figma's products include Figma Design, Dev Mode, FigJam, Figma Slides, Figma Draw, Figma Buzz, Figma Sites, and several AI-powered tools like Figma Make and Figma Weave.
Bottom Line
Piper Sandler's reiterated buy rating for Figma, Inc. reflects continued confidence in the company's growth prospects. The stock's current trading price of $18.64 offers a potential upside toward the $30 target. Investors closely watch these analyst ratings and insider activities as indicators of potential future performance. As always, it's important to remember that these ratings are based on past and current data and may not predict future movements.
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