Wall Street Remains Optimistic on Figma (FIG)

​Figma, Inc. (NYSE:FIG) is one of the Best Up and Coming Tech Stocks to Buy. Figma, Inc. (NYSE:FIG) failed to impress investors with its fiscal Q3 2025 earnings, causing the stock to fall more than 17%. However, Wall Street remains optimistic with analysts’ 12-month median price target of $69 reflecting 90.98% upside from the current level. On November 19, Michael Turrin from Wells Fargo reiterated a Hold rating on the stock with a $52 price target, indicating 46.48% upside.

​The investor sentiment was mainly affected due to a one-time stock-based compensation expense of $975.7 million, which resulted in GAAP net loss per share of $2.72. Other than that, the fundamentals of Figma, Inc. (NYSE:FIG) remain strong with 12,910 paid customers with more than $10,000 in ARR and 1,262 paid customers with more than $100,000 in ARR.

​In addition to growing its customer base, the company is also expanding its partnerships. On November 6, Figma, Inc. (NYSE:FIG) announced its strategic collaboration with ServiceNow to turn visual designs into fully working enterprise apps in minutes. As a result of this partnership, developers would be able to directly prompt Figma design to the ServiceNow Build Agent and create fully functional enterprise applications.

​​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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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