Key Takeaways for Figma Stock as of August 2026
- Rally Trigger: Figma stock jumped 13% Thursday, August 27, as a Salesforce-led SaaS rally erased AI-cost fears.
- Split Decision: Fourteen analysts now rate Figma stock, split into 4 buys, 1 outperform, and 9 holds, while the 10 who set price targets put the mean at $31, just 1% above Thursday’s close.
- TIKR Model Gap: TIKR’s mid-case model values Figma stock at $92, implying a 201% total return and 29% annualized growth by December 2030.
- Whipsaw Year: The mean target has fallen from $71 to $31 since June 2025 as Figma stock sank as low as $18, but coverage grew from 10 analysts to 14 over the same stretch.
Why Figma Stock Jumped 13% on Salesforce’s AI Earnings Reversal
Figma (FIG) stock jumped 13% on Thursday, August 27, after Salesforce’s blockbuster second-quarter earnings report flipped the market’s read on artificial intelligence from a margin threat into a monetization story. The rally erased much of the fear that had hammered Figma stock since its own earnings report three weeks earlier.
Salesforce posted revenue of $11.35 billion and beat earnings estimates by roughly 80%, undercutting the dominant worry that generative AI would cannibalize software seat counts and compress pricing power. Money rotated straight back into design and collaboration platforms. Salesforce itself gained 23% and Atlassian climbed 8%, with software names across the board catching a bid.
The rebound looked almost like a reversal of fortune. Three weeks earlier, on August 5, Figma had reported second-quarter revenue of $370.1 million, up 48% year over year and above estimates of $351.6 million, then watched its stock slide roughly 15% anyway. Investors zeroed in on the cost side that day. Research and development spending more than doubled, up 101.5%, pushing total operating expenses to $426.9 million and cutting the adjusted operating margin to 10% from 16% the quarter before.
Figma CFO Praveer Melwani had framed that spending as deliberate rather than alarming. “We are seeing real traction on AI monetization … This starts to show up in our dollar retention rate, in our gross profit dollars, and it’s all because Figma is offering something unique,” he told Reuters. That argument found its audience three weeks late, once Salesforce showed the market that AI spending could show up as revenue growth instead of margin erosion elsewhere in software.
The gap between Figma’s own growth numbers and the price investors were willing to pay for them is what closed on Thursday, not any new information about the business itself.
Figma Stock’s Street Target Gap Nearly Vanishes After the Rally
Fourteen analysts now rate Figma stock: 4 buys, 1 outperform, and 9 holds, with no sell-side calls on the name. Of those, 10 set formal price targets, and the mean sits at $31, a gap of just 1% above Thursday’s own $31 close, the tightest the two figures have been in over a year.
That standoff followed a long slide. On June 30, 2025, Figma stock closed at $52 while the mean target stood at $71, a 37% premium. That premium held through the fall, with the stock at $37 and the target at $65. But as Figma stock kept sliding, the mean target chased it down: to $40 by December, then $35 by March, even as the stock bottomed near $18. Coverage kept expanding the entire time. Ratings grew from 10 analysts to 14, and buy calls rose from 1 to 4, while the price-target math simply followed the stock lower.
The target has barely moved since, which means the Street’s own numbers no longer see much of a gap left for Figma stock to close in the near term. Thursday’s AI-driven repricing did that work on its own, ahead of the analysts.
TIKR Values Figma Stock at $92, Pricing In an AI Payoff
TIKR’s mid-case model values Figma stock at $92 by December 2030, implying a 201% total return from the current price of $31, or 29% annualized over 4.3 years.
A 29% annualized return over more than four years puts Figma stock well ahead of what most investors expect from a mature software name, the kind of return usually reserved for a story still early in its growth curve.
That gap exists because the Street’s own targets have not caught up to Thursday’s rally, still priced as though the AI-cost story from August 5 was the whole picture. TIKR’s model treats the AI monetization Melwani described, not the R&D spending that alarmed the market three weeks earlier, as the more durable driver of Figma’s long-term value.
Should You Invest in Figma, Inc.?
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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!
