Rothschild Redburn Starts Figma Inc (FIG) at Neutral

Rothschild Redburn analyst Omar Sheikh initiates coverage on Figma Inc (NYSE: FIG) with a Neutral rating and a price target of $23.00.

The analyst comments: “We think Figma’s strong position as the system of record for user experience/user interface (UX/UI) design, impressive track record of product innovation and its control over digital product design collaboration are important drivers of its moat. nd as an open application, we think it will remain central to product design workflows in the long term. But we also believe there is a high degree of uncertainty on how digital design workflows will be executed in the long term, particularly as the capabilities of prompt-to-code tools like Vercel’s v0 and Replit Agent continue to advance. With a wide range of outcomes and limited cash generation post-share-based compensation (SBC) in our model, we launch coverage with a Neutral rating and a $23 target.”

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 $21.65 yesterday.

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