FIGMA INC Stock 12‑Month Price Target Raised to $30.89, Implies 19% Upside

Analysts have issued 41 Holds across 61 ratings for UiPath, GitLab, and Figma, with consensus targets below current prices for two. Institutions hold 65% to 95% of the float, building positions despite cautious analyst sentiment. UiPath and GitLab have surged 58% and 36% in one month, respectively, exceeding analyst targets. Figma's target aligns with its current price. All three companies reported strong revenue growth in recent quarters.

Figma (FIG) is down 61% despite 48% revenue growth, with Wall Street's consensus target at $30.80. Analysts argue for a $40 target, citing faster growth than Adobe (ADBE) and Atlassian (TEAM) and strong AI monetization. Q2 revenue was $370M, with a net dollar retention rate of 136%. Bulls see potential for $50+ if AI adoption continues, while risks include competitive pressure and high valuation multiples.

Figma's shares fell 17.5% to $23.22 on Thursday, despite reporting Q2 revenue of $370.08M, beating estimates by 5.27%. The company raised its full-year revenue guidance to $1.463B-$1.467B. Figma's adjusted EPS was $0.08, doubling estimates, and it reported strong cash flow and customer retention metrics.

Figma (FIG) reported Q2 2026 revenue of $370.1 million, up 48% year over year, with non-GAAP gross margin of 85% and non-GAAP operating margin of 10%. Management cited 136% net dollar retention and paid customers above $10,000 ARR rising 34%. Full-year revenue guidance was raised to $1.463B-$1.467B.

Figma (FIG) reported Q2 2026 results and said it had its first full quarter of AI credit monetization. Revenues were $370.10M, up 48% YoY, and non-GAAP EPS was 8 cents. Management raised 2026 revenue guidance, while Q3 revenue was guided to $373-$375M. Analysts focused on sequential growth and AI beta products not yet using paid credits.

Figma’s Q2 earnings call highlighted higher AI inference costs affecting operating income and free cash flow. For Q3, it forecast revenue of $373M to $375M (36% growth at midpoint). It raised full-year revenue outlook by $40M to $1.463B to $1.467B and kept non-GAAP operating income at $125M to $135M. Figma said AI credit consumption and agent adoption drove results.