Figma (FIG) Down 19% Since Q3 Results, Wall Street Remains Bullish

​Figma, Inc. (NYSE:FIG) is one of the Under-the-Radar Stocks to Buy with Massive Upside Heading into 2026. Wall Street has a mixed opinion on Figma, Inc. (NYSE:FIG) as the stock price has fallen more than 19% since its fiscal Q3 2025 results. On November 19, Arjun Bhatia from William Blair reiterated a Buy rating on the stock without disclosing any price targets. Earlier on November 7, Elizabeth Porter from Morgan Stanley had reiterated a Hold rating on the stock and also lowered the price target from $70 to $65.

​The fall in share price comes despite a 38% year-over-year revenue growth to $274.2 million, along with an EPS of $0.13. Both the revenue and EPS topped estimates by $10.23 million and $0.08, respectively. The primary reason behind the fall in share price was $1.1 billion in operating loss during the quarter, which management attributed to one-time stock-based compensation expenses of $975.7 million.

​However, analyst Arjun Bhatia from William Blair maintains a Buy recommendation on Figma, Inc. (NYSE:FIG), noting strong momentum in the company’s Make product tool. He added that the company is well-positioned to benefit from the competitive market against major players, including Adobe. Bhatia believes in the company’s potential to monetize new user segments and achieve effective returns on the company’s investment cycle.

​Figma, Inc. (NYSE:FIG) provides a cloud-based design platform that enables real-time collaboration for interface and product design. Its software allows teams to create, prototype, and share interactive designs all within a browser environment.

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Disclosure: None. This article is originally published at Insider Monkey.