Figma (FIG) Down More Than 55% Year-To-Date, The Street Remains Bullish

​Figma, Inc. (NYSE:FIG) is set to release its fiscal Q1 2026 earnings on May 14. Although the stock has fallen more than 55% on a year-to-date basis, the Street remains bullish and expects more than 100% upside over the next 12-months. The stock also ranks among our Best All-Time Low Stocks to Buy in 2026.

​During the last earnings call, management noted that they expect fiscal Q1 2026 revenue to be in the range of $315 million to $317 million, implying around 38% year-over-year growth at the midpoint. Wall Street expects the company’s revenue to be roughly $316.02 million, along with a GAAP EPS of negative $0.26. For the full year, Figma, Inc. (NYSE:FIG) expects to deliver revenue in the range of $1.366 billion and $1.374 billion, reflecting 30% year-over-year growth at the midpoint.

​Recently, on April 13, BTIG initiated coverage of the stock with a Neutral rating and didn’t disclose any price targets. The firm noted that although AI monetization can be a durable growth factor for the company, the scale of this growth driver remains ambiguous. Moreover, the firm is confident in the company’s AI strategy; however, it is waiting for a better entry point to re-rate the stock to a Buy rating.

Figma, Inc. (NYSE:FIG) provides a browser-based platform for design, prototyping, and building digital experiences.

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