Movement Alert｜Figma falls 5.15% in Regular Trading, target price cut and margin pressure weigh on sentiment

Market Focus10-31 00:25

On October 31, Figma fell 5.15% in Regular Trading, trading at $21.175, with turnover of $83.2931 million.

The move coincided with a recent target price cut by Stifel to $22 from $25 while maintaining a hold rating, a development that continued to pressure market sentiment ahead of the company’s November 4 earnings release.

Background disclosures show Figma reported second-quarter revenue of $370.1 million, up 48% year over year, and raised full-year revenue guidance to $1.463 billion to $1.467 billion. However, heavier AI investment has weighed on profitability and cash flow. Management has said it is willing to sacrifice margins to drive AI demand growth, with quarterly gross margin declining from historical levels above 90% to the mid-80% range.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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