Figma Stock Jumped 11%. A Cooling Inflation Print Did the Work.

Key Takeaways for Figma Stock as of August 2026

• Macro Rebound: Figma stock jumped 10.95% to $26.35 on Thursday, August 13, as softer than expected July inflation data fueled a broad software rally, a day after the stock slid to $23.73.
• Model Gap: TIKR values Figma stock at $89, implying 237% upside.
• Street Split: Analysts carry 4 buys, 1 outperform, and 9 holds on Figma stock, and the $30 mean target sits just 15% above the current price.
• Target Collapse: The Street’s mean target on Figma stock has fallen from $77 in June 2025 to $30 today, even as buy ratings quadrupled from one to four and coverage widened from 8 to 10 analysts.

Figma stock just bounced 11% in a day, but a cooling inflation print doesn’t answer the margin questions from last week’s earnings call. Pull the full financial picture on TIKR for free →

Why Figma Stock Jumped 11% in a Broad Software Rally on Thursday

Figma (FIG) stock jumped 10.95% to close at $26.35 on Thursday, August 13, as a broad rally in software and AI-adjacent stocks lifted the sector after July producer price data came in softer than expected. The reading strengthened bets that the Federal Reserve would hold rates steady in September rather than reaccelerate hikes, and growth stocks that had been beaten down over the summer caught a bid. The S&P 500 closed at a record high the same day.

Figma stock wasn’t alone. monday.com gained 9.7%, MongoDB rose 7.9%, and Cloudflare added 6.2%, all part of the same rotation into enterprise software names. But Figma’s bounce landed on top of a much steeper hole than most of its peers were climbing out of.

The company’s Q2 earnings on August 5 told a split story. Revenue grew 48% year over year to $370 million, the third straight quarter of accelerating growth, and management raised full-year guidance by $40 million. Non-GAAP gross margin still expanded to 85%. But the stock fell anyway two days later, as investors weighed rising AI inference spending against near-term profitability. Chief Financial Officer Praveer Melwani framed the tradeoff plainly on the Q2 earnings call: “We’re now, again, in an investment period, an investment cycle as we continue to drive ubiquity of these newer products.” An August 8 lockup expiration added fresh share supply into that selloff, and by August 12, Figma stock had slipped to $23.73, down 4.58% on the day and far below where it traded before earnings.

That’s the setup for Thursday’s move. A stock already pushed to the low end of its range by margin worries and lockup selling had more room to snap back once the macro backdrop turned favorable. The rally didn’t resolve the debate over how fast Figma’s AI credit model converts usage into gross profit. It just gave the stock a reason to catch up to peers on a day when rate-cut hopes did the heavy lifting.

Figma stock just bounced 11% on the same week rate-cut odds jumped. See where the Street’s targets and TIKR’s model land now on TIKR for free →

Figma Stock’s Buy Ratings Quadruple as the Street’s Target Keeps Shrinking

Analysts carry 4 buys, 1 outperform, and 9 holds on Figma stock, and the $30 mean target sits 15% above Thursday’s $26 close.

That gap has been closing from a very different direction than most beaten-down stocks see. Back on June 30, 2025, the mean target stood at $77 against a $52 close, a 48% premium. By March 31, 2026, the target had been cut to $35 while the price had collapsed to $18, a premium that had actually widened to 96% because the stock fell faster than analysts could mark down their numbers. Since then, the target kept sliding to $30 even as the price recovered to $26, narrowing the gap back down to 15%.

What stands out is that coverage grew through the entire decline rather than thinning out. The analyst count rose from 8 to 10, and buy ratings quadrupled from one to four over the same stretch. Analysts kept cutting dollar targets in absolute terms, but a rising share of them turned more constructive on the stock relative to where it was trading, which lines up with the same investment-versus-monetization debate from Figma’s own earnings call.

TIKR Values Figma Stock at $89, Pricing In a Multiyear AI Monetization Ramp

TIKR’s mid-case model values Figma stock at $89 by December 2030, implying 237% total return from the current price of $26, or 32% annualized over 4.4 years.

A 32% annualized return sits well above what investors typically demand from a software company already generating positive free cash flow, which signals the model is pricing meaningful uncertainty into today’s entry point rather than treating Figma as a mature compounder. That gap is reachable only if the AI credit ramp that Melwani described as still investment-heavy today turns into the gross profit growth management is signaling for later quarters, the same shift the Street’s widening buy count already seems to be underwriting even as its dollar targets stay conservative.

GAAP operating margin backs that read up. Figma’s operating margin cratered to -414.62% in the September 2025 quarter, largely a function of IPO-related stock compensation, then climbed back to -64.36% by year-end, -41.21% in Q1 2026, and -31.69% by Q2. The losses are narrowing every quarter even before the AI credit ramp Melwani flagged shows up in the numbers, which is the kind of trend TIKR’s model needs to keep holding for the $89 target to stay in reach.

TIKR’s model puts Figma stock at $89, a 237% return case the Street’s $30 target hasn’t caught up to yet. Check the full model on TIKR for free →

Should You Invest in Figma, Inc.?

The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.

Pull up Figma, Inc. stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.

You can build a free watchlist to track Figma, Inc. alongside every other stock on your radar. No credit card required. Just the data you need to decide for yourself.

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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!