Figma has lost more than half its value since IPO even as revenue growth accelerated, creating a rare tension between a beaten-down chart and fundamentals that are quietly getting stronger. Here is why the setup may be more interesting than…
Figma (NYSE:FIG) has been one of the most whiplash-inducing stories in software this year. After IPO’ing to euphoria, the stock is now down 61.26% over the past year and 27.03% year to date, even as revenue growth accelerated to 48% year over year in Q2. Wall Street’s consensus target sits at $30.80. I think that number is too conservative.
Figma currently trades at $27.27. Our 24/7 Wall St. price target for Figma is $40 over the next 12 months, implying roughly 47% upside. Our research…
