Figma shares skid despite Q2 revenue topping consensus

Figma

04/09/2025 09:26

** Figma shares down 15.1% at $58.3 premarket

** Co beat Q2 profit and revenue estimates, but falls short of the lofty expectations set by AI and tech investors

** Q2 revenue jumped 41% to $249.6 mln vs analysts' estimate of $248.8 mln, according to data compiled by LSEG

**"While we see a lot to like especially in AI and multi-product traction shares still look full. We would wait for a better entry point," say analysts at RBC Capital Markets

** Brokerage cuts PT to $65 from $75

** Stock rated "hold" on average by 9 analysts; median PT $69.5 - data compiled by LSEG

** Stock down ~20% from its initial offering price; shares started trading on July 31

 (Reporting by Rashika Singh in Bengaluru)

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