Figma Price Target Cut by Goldman Sachs
Goldman Sachs has reduced its price target for Figma (NYSE: FIG) from $35 to $30 per share, reflecting concerns about the stock’s performance since its IPO in July 2022. Following its debut, Figma’s stock has declined approximately 80%, trading between $30 and $35 since March 2023.
In the first quarter of 2026, Figma reported a year-over-year revenue increase of 46%, although it remains unprofitable. The company also posted free cash flow of $89 million during the same period. Despite the recent price target cut, historical trends suggest that such adjustments can indicate a buying opportunity for investors, as seen with past cases of Apple and Netflix.
Figma currently trades at a price-to-sales ratio of around 10, down from 66 shortly after its IPO, indicating a potential for recovery in the stock’s value.
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