Key Stats for Figma Stock
- Earnings Reaction: +6.9%
- Current Price: $31.24
- Valuation Model Target: $72.82
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What Happened?
Figma (FIG) is demonstrating rare hyper-growth at scale, with shares trading near $31.24 after the company delivered its strongest quarterly performance to date.
The collaborative design leader reported fourth quarter revenue of $304 million, representing an accelerated 40% year-over-year growth rate.
Net dollar retention for core enterprise customers surged five percentage points to 136%, signaling massive expansion within its existing user base.
Furthermore, management unveiled a game-changing integration with Anthropic’s Claude Code, allowing developers to move seamlessly between code terminals and editable design layers.
By enabling a “roundtrip” between code and canvas, Figma is positioning itself as the indispensable system of record for the entire product development life cycle.
Additionally, CEO Dylan Field detailed exactly why this integration fundamentally shifts the value proposition for engineering teams.
Field stated verbatim: “Design is about giving people the freedom to explore. It’s about asking what if? It’s about seeing the bigger picture and pursuing the best possible solution.”
The company also reported that usage of Figma Make, its AI-native building tool, exploded with weekly active users growing over 70% quarter over quarter.
See analysts’ growth forecasts and price targets for Figma stock (It’s free!) >>>
Is Figma Undervalued Today?
The TIKR Model indicates that the market is focusing on the historical 73% stock price decline while ignoring the massive monetization catalyst arriving in March.
The model projects a target price of $72.82, representing an exceptional 133.1% potential total return from current levels.
Figma is currently transitioning its business model to monetize both user seats and specific AI credit consumption.
Currently, approximately 75% of paid customers are already consuming AI credits on a weekly basis, providing a clear path to high-margin incremental revenue.
The company also completed the acquisition of Weavy, now Figma Weave, to integrate advanced AI video and animation generation into the core platform.
CFO Praveer Melwani explained exactly how the company is maintaining elite financial discipline while investing heavily in inference power.
Melwani stated verbatim: “While customer adoption of Make and our AI features continued to ramp… improvements in infrastructure optimization reduced our cost to serve each user and led to stable gross margins.”
Read the full Figma Transcript on TIKR to see the AI credit pricing breakdown >>>
Valuation Deep Dive
The TIKR Advanced Valuation Model identifies Figma as a dominant software monopoly successfully capturing the massive shift toward AI-assisted product creation.
- Target Price: $72.82
- Current Price: $31.24
- Annualized Return (IRR): 19.1%
The AI Software Supply Chain Figma is methodically absorbing the workflows of non-designers. Nearly 60% of all Figma Make files in 2025 were created by developers, product managers, and marketers. As these teams move from document-heavy cultures to rapid prototyping environments, Figma becomes the central hub for enterprise innovation. The company’s $1.7 billion cash position provides the necessary leverage to continue acquiring specialized AI labs to maintain its technological lead.
Elite Unit Economics Despite significant R&D investments, Figma maintains the unit economics of a world-class SaaS platform. According to the TIKR Historical Breakdown, the company delivered a massive 86% gross margin in the fourth quarter. As the business scales toward its long-term goal of positive operating leverage through seat and credit expansion, the IRR of 19.1% represents a highly attractive risk-adjusted opportunity for long-term investors.
Conclusion A dominant design monopoly successfully pivoting into a comprehensive AI building platform. Figma offers an exceptional 133.1% projected total return potential. The path to the $72.82 target is paved by record enterprise expansion, the Claude Code partnership, and the imminent launch of AI credit monetization.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
