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Figma assumed with a Neutral at Goldman Sachs

Goldman Sachs assumed coverage of Figma (FIG) with a Neutral rating and $40 price target The firm assumed coverage of 12 stocks in the software sector. Goldman believes artificial intelligence adoption will be a “positive tailwind” to the software total addressable market over the next ten years. The analyst awaits Figma’s next product cycle before recommending the shares.

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