Wells Fargo analyst Michael Turrin lowered the firm’s price target on Figma (FIG) to $42 from $52 and keeps an Overweight rating on the shares. The firm notes the company delivered a strong response to questions, with Q4 re-acceleration to 40% and initial 2026 guide above expectations. Early comments on Make usage were encouraging, with forward margin the one question as investors calibrate to AI ramp, Wells adds.
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