Figma dips premarket as analysts weigh AI promise against rich valuation

Figma

25/08/2025 10:47

** Design software maker Figma's FIG.N shares down 1.38% at $76.23 premarket

** J.P.Morgan and RBC begin coverage on co as the mandatory quiet period ends, offering upbeat views on growth and AI potential but flagged valuation as a concern

** JPM initiates with "neutral" and PT of $65, calling it a "core design system of record" whose browser-native architecture and multiplayer collaboration tools have become industry standard

** RBC initiates coverage with "sector perform" and PT of $75; says "Figma could become a full end-to-end platform for design, from 'vibe coding' to deployment"

** Co, which provides collaborative design tools, has risen 134.24% since its market debut in July after raising $1.2 billion in a U.S. IPO

** Morgan Stanley, Goldman Sachs, Allen & Co and J.P. Morgan lead 9-firm underwriting group for the IPO

 (Reporting by Rashika Singh in Bengaluru)

 ((Rashika.Singh@thomsonreuters.com;))