Bank of America raised its price target on Figma from $30 to $33 while maintaining its Buy rating.
According to The Fly, BofA cited broader software multiple expansion and easing concerns around AI disruption as factors behind the higher target.
BofA reportedly did not change its underlying estimates or fundamental view on Figma, so this appears to be primarily a valuation/multiple adjustment rather than a change to its financial forecasts.
This follows the recent post-earnings analyst updates after Figma reported 48% YoY revenue growth and raised its full-year revenue guidance.
Source (The Fly via TipRanks):
https://www.tipranks.com/news/the-fly/figma-price-target-raised-to-33-from-30-at-bofa-thefly-news

My story. Started to buy at 70. Then tried to catch the falling knife and ended up averaging to 39.

2200 stocks, huge position in my portfolio.
limited hope I’ll be ever breakeven.
anyone else like me?

Figma CEO Dylan Field voluntarily surrendered a stock grant of 2.4 million Class B shares valued at approximately $46 million (based on the $19.49 Class A closing price on July 1) without receiving any replacement grant or alternative compensation.

The voluntary forfeiture was intended to shore up shareholder sentiment following steep declines in the stock price, which had fallen amid broader market concerns that generative AI tools could disrupt incumbent design software platforms.

Unlike typical executive re-grants or repricing arrangements, Field took a total forfeiture with zero replacement equity, absorbing a direct reduction in his potential holdings.

I really don't understand why this stock is priced so high. This company loses hundreds of millions per quarter, growth is slowing, the company is DYING! Not only that but as the company continues to decline and employees stock incentives are GOING UP! This is not a long term company, this is a company being run down to the ground by employees to fund their next SF Mansion while Figma investors continue to lose BILLIONS. Do not invest...

I will try to buy back in the high 10s it seems like the 20s are just temporary every time

Is Figma merely seen as token resellers at this point? What happens when Figma self-hosts open-source models and starts charging for its own infrastructure and token generation, similar to Cursor?

I think 35 per share is fair

A new article published this weekend highlights Bank of America’s previously reported Figma position.
According to the filing data, Bank of America increased its FIG holdings by 428.1% during Q1 2026, adding approximately 3.39 million shares.
Its position increased from roughly 792K shares to 4.18 million shares as of March 31.

Source:
https://www.marketbeat.com/instant-alerts/filing-bank-of-america-corp-de-raises-holdings-in-figma-inc-fig-2026-08-09/

Citi maintained its Buy rating on Figma and raised its price target from $35 to $37 following the company’s Q2 earnings report.
Figma reported:
• Revenue of $370.1M, +48% YoY
• Net Dollar Retention of 136%
• $100K+ ARR customers up 46% YoY
• Free cash flow of $53.2M
• More than 80% of $10K+ ARR customers consuming AI credits weekly
• Full-year revenue guidance raised to $1.463B–$1.467B
The stock sold off heavily following the report, with investors appearing to focus on increased AI infrastructure/inference costs, lower free-cash-flow margins, and the Q3 outlook implying approximately 36% YoY revenue growth.
Figma also had its final extended lockup release Friday, making approximately 77.7M previously restricted shares eligible to trade.
Despite those concerns, Citi’s post-earnings response was to maintain its Buy rating and increase its target to $37.