Citi Initiates Buy on Figma with $36 Target, Sees 100% Upside
Citi is bullish on Figma, saying AI growth could boost sales and shares may nearly double.
Citi is bullish on Figma, saying AI growth could boost sales and shares may nearly double.
Figma shares jumped after strong Q1 results, AI tools boosted growth, and it raised full-year revenue outlook.
Figma fell after news Anthropic will launch AI tool to build websites and presentations. Adobe, Wix, GoDaddy also dropped.
Software stocks (IGV) dropped 4.3% after Amazon revealed it’s building AI agents to automate sales, cybersecurity and networking jobs.
Figma blew past Wall Street forecasts with strong Q4 2025 sales and gave huge guidance for 2026. Shares are surging.
Adobe surpasses Q4 estimates with $6.19B revenue and projects FY2026 revenue up to $26.1B, driven by strong AI tool adoption and double-digit ARR growth targets.