Oppenheimer initiates Figma with 'perform;' shares fall

Figma

25/03/2026 14:50

** Shares of design software company Figma down ~1% at $21.66

** Oppenheimer initiates coverage with "perform" rating

** Brokerage estimates FIG's total addressable market at over $33 bln "with only a handful of pure play suppliers in the category of Figma's scale"

** "We worry that the industry's structural shift to AI technologies will moderate deal size and subscriber growth to slow Figma's growth" - Oppenheimer

** Avg. rating of 11 analysts is "hold;" their median PT is $38.50 - data compiled by LSEG

** Including session moves, stock has fallen 42% this year

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))