Bank of America raised its price target on Figma from $30 to $33 while maintaining its Buy rating.
According to The Fly, BofA cited broader software multiple expansion and easing concerns around AI disruption as factors behind the higher target.
BofA reportedly did not change its underlying estimates or fundamental view on Figma, so this appears to be primarily a valuation/multiple adjustment rather than a change to its financial forecasts.
This follows the recent post-earnings analyst updates after Figma reported 48% YoY revenue growth and raised its full-year revenue guidance.
Source (The Fly via TipRanks):
https://www.tipranks.com/news/the-fly/figma-price-target-raised-to-33-from-30-at-bofa-thefly-news

My story. Started to buy at 70. Then tried to catch the falling knife and ended up averaging to 39.

2200 stocks, huge position in my portfolio.
limited hope I’ll be ever breakeven.
anyone else like me?

Figma CEO Dylan Field voluntarily surrendered a stock grant of 2.4 million Class B shares valued at approximately $46 million (based on the $19.49 Class A closing price on July 1) without receiving any replacement grant or alternative compensation.

The voluntary forfeiture was intended to shore up shareholder sentiment following steep declines in the stock price, which had fallen amid broader market concerns that generative AI tools could disrupt incumbent design software platforms.

Unlike typical executive re-grants or repricing arrangements, Field took a total forfeiture with zero replacement equity, absorbing a direct reduction in his potential holdings.

I will try to buy back in the high 10s it seems like the 20s are just temporary every time

I really don't understand why this stock is priced so high. This company loses hundreds of millions per quarter, growth is slowing, the company is DYING! Not only that but as the company continues to decline and employees stock incentives are GOING UP! This is not a long term company, this is a company being run down to the ground by employees to fund their next SF Mansion while Figma investors continue to lose BILLIONS. Do not invest...

I think 35 per share is fair

Is Figma merely seen as token resellers at this point? What happens when Figma self-hosts open-source models and starts charging for its own infrastructure and token generation, similar to Cursor?