Figma (FIG) Snaps 2-Day Loss on Bullish Rating, Higher PT

Thu, Aug 21, 2025, 11:19 AM 1 min read

We recently published 10 Big Names With Surprising Gains. Figma, Inc. (NYSE:FIG) is one of Wednesday’s best performers.

Figma ended two days of losses on Wednesday, adding 6.67 percent to close at $74.04 apiece as investors took path from an investment firm’s bullish rating for its stock.

In a market note, investment firm Piper Sandler gave an “overweight” rating for Figma, Inc. (NYSE:FIG) shares with a price target of $85. The figure marked a 14.8-percent upside potential from its latest closing price.

Tom K Photo/Shutterstock.com

According to Piper Sandler, the rating was based on the company’s “differentiated platform, attractive business model, and broad-based global reach into 450K+ customers.”

Additionally, it said that Figma, Inc. (NYSE:FIG) is in the early innings of unlocking opportunities from the booming artificial intelligence industry.

Piper Sandler expects Figma, Inc. (NYSE:FIG) to incur annualized recurring revenues of $3 billion by 2030, helped by new AI-powered features, broader international adoption, and plans to convert free users to paid subscribers.

While we acknowledge the potential of FIG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.