JPMorgan initiated coverage of Figma (FIG) with a Neutral rating and $65 price target Figma is a browser-based platform that enables stakeholders to design user interfaces, the analyst tells investors in a research note. The firm says the company has emerged as the core system of record across a wide spectrum of design-related workflows. However, JPMorgan believes this is priced into the shares with Figma trading at a “premium valuation.”
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