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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.

While we acknowledge the potential of FIG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FIG and that has 100x upside potential, check out our report about this cheapest AI stock.

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.

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Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • 175 Teslas
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  • 140 Metas
  • 84 Googles
  • 65 Microsofts
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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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