Wells Fargo Rates Figma (FIG) buy, $36 Price Target

Wells Fargo maintained its buy rating on Figma, Inc. with a $36 price target, a 99% upside from the current price.

By EarningsIQ Research Desk · Published Jun 26, 2026, 8:07 PM EDT · Updated Jul 1, 2026, 8:01 AM EDT

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Wells Fargo rated Figma, Inc. ($FIG) "buy" with a $36 price target on June 26, 2026.

Since the rating, $FIG is up 13.2% after 1 week, up 23.2% after 1 month and up 15.4% to date (from the $18.62 close on Jun 26, 2026).

FIG Figma, Inc.

$21.49 -42.86% year to date

Daily close · Oct 16, 2026

Key Points

Wells Fargo reiterated its buy rating on Figma, Inc. (NYSE:FIG) with a $36 target on June 26, 2026.
Wells Fargo's $36 price target implies 99% upside from Figma, Inc.'s ($FIG) current $18.09 share price.
Figma, Inc. shares traded around $18.62 on Saturday, with a 52-week high of $142.92.
Insiders, including the Chief Revenue Officer, sold shares in planned transactions earlier in June.

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Wells Fargo analyst Michael Turrin reaffirmed the firm's buy rating on Figma, Inc. (NYSE:FIG) on June 26, 2026, setting a price target of $36. This reiteration underscores the firm's confidence in Figma's prospects as its shares traded near $18.62 on Saturday.

Analyst rating track record

Wells Fargo vs. the S&P 500

YTD return -12.60% hypothetical

All-time return +10.05% S&P 500 +32.05%

vs. S&P 500 -22% behind the index

Hypothetical returns from Wells Fargo's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Figma, Inc.

GREYLOCK XIV GP LLC and INDEX VENTURE ASSOCIATES VI LTD both maintained their positions in Figma with no change in shares, holding 58.4 million and 57.7 million shares respectively, valued at approximately $1.24 billion and $1.22 billion. SC US (TTGP), LTD. increased its stake by 1.47 million shares, now holding 26.7 million shares worth $565 million, marking a 5.8% increase. FMR LLC significantly boosted its holdings by 11.3 million shares, a 119.9% increase, to 20.7 million shares valued at $438 million. A16Z CAPITAL MANAGEMENT, L.L.C. slightly reduced its position by 234,751 shares, now holding 16 million shares valued at $338 million.

Figma, Inc. Stock Down 15.8%

Shares of NYSE:FIG traded near $18.62 on Saturday. Figma, Inc. has a market cap of approximately $8.9 billion and a forward P/E ratio of 49.9. The stock's 52-week range has been between $16.60 and $142.92, with a 50-day moving average of $20.25 and a 200-day moving average of $33.17. 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.

12-month forecast

$FIG price target

Figma, Inc. daily closes and this analyst's $36 target. Not advice.

Recent Earnings

Figma, Inc. reported revenue of $1.16 billion, showcasing a growth rate of 46.1%. Despite this, the company has a negative net margin of -123.8% and a return on equity of -101.7%, reflecting ongoing profitability challenges. The next earnings release is expected on August 14, 2026.

Insider Buying and Selling at Figma, Inc.

In early June, several insiders of Figma, Inc. engaged in transactions. Chief Revenue Officer Shaunt Voskanian sold 87,510 shares at an average price of $23.01 in a planned transaction on June 3. CFO and Treasurer Praveer Melwani also sold 83,974 shares at $22.77 in a planned transaction on the same day. On June 2, insiders including John Osborne Lilly III, Andrew Phillips Reed, Luis Von Ahn, and Kelly Kramer each purchased 12,415 shares, though these transactions were not planned.

Analysts Set New Price Targets

On June 26, 2026, Wells Fargo maintained its buy rating on Figma, Inc. with a $36 price target. On June 25, RBC Capital maintained a hold rating with a $22 target, while Piper Sandler reiterated a buy rating with a $30 target. Citigroup initiated coverage with a buy rating and a $36 target on June 17. Overall, the consensus among analysts is a buy, with an average price target of $36.11 based on nine analyst opinions.

About Figma, Inc.

Figma, Inc. is a technology company based in San Francisco, California, specializing in collaborative design software. Founded in 2012, it offers a browser-based platform for designing, prototyping, and building digital experiences. Figma's tools include Figma Design for collaborative projects, Dev Mode for translating designs into code, and FigJam for team brainstorming. The company, led by CEO Dylan Field, employs about 1,886 people.

Bottom Line

Figma, Inc. continues to attract attention from analysts like Wells Fargo, which reiterated its buy rating. The company's stock, while trading well below its 52-week high, remains a focal point for institutional investors. As Figma navigates its growth trajectory, the upcoming earnings report will be closely watched by analysts and investors alike.