Figma Stock News

Figma CFO says design platform willing to put margins on the line to boost AI demand

Figma stock continued its ongoing reversal and is slowly hovering near its all-time low as concerns about AI disruption accelerated. After rebounding to $31.30 on August 27, FIG has dropped to $20.25.

Figma stock continued its recovery this week, reaching its highest level since March 5 this year. FIG jumped to $30.62, up by 81% from its lowest level this year, mirroring the performance of other top software companies like Salesforce, Adobe, and Palantir.

SAN FRANCISCO--(BUSINESS WIRE)--Figma, Inc. (NYSE: FIG), a leading design and product development platform, today announced that CEO and Co-founder Dylan Field will participate in a fireside chat at the Goldman Sachs Communacopia + Technology Conference in San Francisco on Tuesday, September 8 at 2:25 p.m. PT / 5:25 p.m. ET. Access to the live webcast of the call will be available through the I...

BofA Securities analyst Tal Liani raised the price targets on 10 software stocks on Wednesday.

Figma stock has rebounded modestly in the past few weeks and is showing signs of bottoming. FIG jumped to $26.35 on Thursday, up from the double-bottom level of $16.80.

The past week saw massive moves in both directions for software stocks, as investors try to figure out which names are best insulated from artificial intelligence. Airtable, a one-time highflyer among cloud software startups, agreed to be acquired for about one-tenth of its peak valuation.

Figma stock dropped sharply after the company published its earnings report, which showed that its artificial intelligence costs soared. FIG dropped to $22.3, down substantially from this week's high of $27.80.