RBC Capital Starts Figma Inc (FIG) at Sector Perform

RBC Capital analyst Rishi Jaluria initiates coverage on Figma Inc (NYSE: FIG) with a Sector Perform rating and a price target of $75.00.

The analyst comments: "A compelling AI story. While investors may have concerns that AI may simplify application design/development, therefore competing with Figma, we believe AI could be a real tailwind for Figma. We note the company is investing aggressively in embedding AI throughout the platform, including products like Figma Make, an AI-powered prototyping tool, FigJam AI, and Dev Mode MCP server (investments that will likely pressure gross margins in the near term). Furthermore, we believe Figma could play an important role in the design and development of net new AI applications as AI continues to permeate all aspects of work and life."

For an analyst ratings summary and ratings history on Figma Inc click here. For more ratings news on Figma Inc click here.

Shares of Figma Inc closed at $77.30 yesterday.

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