5 Large Cap Stocks Under $30 With Huge Upside Potential

3. Figma Inc. (NYSE:FIG)

Figma Inc. (NYSE:FIG) is one of the 15 large cap stocks under $30 with huge upside potential.

On February 19, Rishi Jaluria from RBC Capital reduced the price target on Figma Inc. (NYSE:FIG) from $38 to $31, resulting in an adjusted upside of almost 34% at the current level. The analyst maintained a Sector Perform rating on the stock.

Jaluria stated that although the company had a strong fourth-quarter earnings beat, it would prefer to wait for a better entry price before becoming more bullish. Figma’s excellent gross margin profile, solid position across design and related processes, and growing monetisation possibilities from AI-native products like Dev Mode and Figma Make, all support the company’s recent trading level.

On February 19, Goldman Sachs reduced the firm’s price target on Figma Inc. (NYSE:FIG) from $40 to $35, which still yields an upside potential of almost 51% despite the downward revision. The firm maintained a Neutral rating on the stock.

Goldman Sachs noted that the key debate around the stock has been the defensibility of its core platform in an AI-driven environment, along with potential seat compression across product development teams, which continues to weigh on investor sentiment.

Figma Inc. (NYSE:FIG) operates a browser-based platform that helps teams build products through UI/UX design. It covers multiple stages of product development, including idea generation, prototyping, and design systems. It also offers various other tools such as Dev Mode, FigJam, Figma Slides, Figma Buzz, Figma Draw, and more.