Figma price target lowered to $45 from $60 at JPMorgan

JPMorgan analyst Mark Murphy lowered the firm’s price target on Figma (FIG) to $45 from $60 and keeps a Neutral rating on the shares post the Q4 report. The firm cites the “material shift in peer group multiples” for the target cut but notes the company’s revenue guidance came in well above expectations. Figma is seeing momentum with larger paid customers, the analyst tells investors in a research note.