RBC Capital lowered the firm’s price target on Figma (FIG) to $65 from $75 and keeps a Sector Perform rating on the shares. The company delivered relatively in-line Q2 results, with revenue coming in-line with consensus and profitability coming in modestly below, the analyst tells investors in a research note. Figma shares have become less expensive at 22.8-times expected 2026 revenue, but the stock’s valuation still looks full, and the firm prefers to wait for a better entry point, RBC added.
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