Citigroup Reiterates Buy Rating on Figma, Inc. (FIG)
Citigroup reaffirmed its buy rating for Figma, Inc. with a target price of $36.
Key Points
- Citigroup reiterated its buy rating on Figma, Inc. (FIG) with a price target of $36 on June 17, 2026.
- Figma's stock trades at $17.98 with a market cap of $9.5 billion and a forward P/E ratio of 53.3.
- FMR LLC increased its stake in Figma by 11.3 million shares, now holding 20.7 million shares valued at $438.3 million.
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On June 17, 2026, Citigroup reiterated its buy rating on Figma, Inc. (NYSE: FIG), setting a price target of $36. This comes as the stock trades at $17.98, reflecting Citigroup's continued confidence in the company's prospects.
Other Institutional Activity in Figma
FMR LLC significantly boosted its holdings in Figma, adding 11,305,985 shares to reach a total of 20,735,448 shares, valued at approximately $438.3 million. Meanwhile, SC US (TTGP), LTD. increased its position by 1,466,851 shares, bringing its total to 26,728,171 shares worth about $565 million. However, A16Z Capital Management, L.L.C. trimmed its stake by 234,751 shares, now holding 16,011,378 shares valued at $338.5 million.
Figma, Inc. Stock Up 1.2%
Shares of NYSE:FIG traded near $17.98. Figma, Inc. has a market cap of approximately $9.5 billion and a forward P/E ratio of 53.3. The stock's 52-week range spans from a low of $16.60 to a high of $142.92. It has a 50-day moving average of $20.35 and a 200-day moving average of $34.44. The company maintains a current ratio of 2.5 and a quick ratio of 2.359, with a debt-to-equity ratio of 3.855.
Recent Earnings
Figma reported revenue of $1.16 billion, with a notable revenue growth of 46.1%. However, the company posted a net margin of -123.8% and a return on equity of -101.7%. The next earnings report is expected on August 14, 2026.
Insider Buying and Selling at Figma, Inc.
Recent insider activity at Figma included planned sales by Chief Revenue Officer Shaunt Voskanian and CFO Praveer Melwani on June 3, 2026. Voskanian sold 87,510 shares at an average price of $23.01, while Melwani sold 83,974 shares at $22.77. On June 2, 2026, several insiders including John Osborne Lilly III and Luis Von Ahn made small purchases of 12,415 shares each, without a specified transaction price.
Analysts Set New Price Targets
On June 17, 2026, Citigroup reiterated its buy rating with a price target of $36. JP Morgan and RBC Capital maintained their hold ratings on May 15, 2026, with targets of $42 and $28, respectively. Morgan Stanley also maintained a hold with a $38 target, while Piper Sandler reiterated a buy with a $30 target. The analyst consensus is a hold rating, with a mean target price of $36.88 based on eight opinions.
About Figma, Inc.
Figma, Inc., headquartered in San Francisco, California, is a technology company specializing in collaborative software for design and prototyping. Founded in 2012, the company offers tools like Figma Design and FigJam, facilitating team collaboration and product development. Led by CEO Dylan Field, Figma employs around 1,886 people and operates in the software application industry.
Bottom Line
Citigroup's reiterated buy rating and $36 target highlight sustained confidence in Figma, Inc. Despite its current low stock price, the company shows significant institutional interest and potential for growth. Investors should note that these analyst ratings are based on past data and do not necessarily reflect current positions or future performance.
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