Figma Stock Rebounds After Major Sell-Off
Figma (NYSE: FIG) shares surged by 13.1% as of 12:27 p.m. ET today, recovering from a significant sell-off that saw its stock plummet over 85% at one point. Analysts from JPMorgan Chase and Goldman Sachs indicated that the recent decline in software stocks, including Figma, was overdone, suggesting this as a buying opportunity.
The company is set to report its fourth-quarter earnings on February 18, with analysts anticipating $293.2 million in revenue and adjusted earnings per share of $0.06. Investors are expected to closely scrutinize any updates regarding AI competition, which may be critical for the company’s future performance.
