Piper Sandler and Stifel Update Price Targets on Figma (FIG) Following Revenue Growth and AI Product Adoption
Key takeaways
- Figma’s second-quarter revenue growth projection of 40% year-over-year came in 9 percentage points higher than expected.
- The same day, Stifel cut its price objective for Figma Inc.
- (NYSE:FIG) provides a browser-based platform for design, prototyping, and building digital experiences.
Piper Sandler and Stifel Update Price Targets on Figma (FIG) Following Revenue Growth and AI Product Adoption Sheryar Siddiq Tue, June 2, 2026 at 4:37 PM GMT+7 1 min read FIG 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.