As previously reported, Wells Fargo analyst Michael Turrin upgraded Figma (FIG) to Overweight from Equal Weight with a $52 price target The firm notes shares have fallen over 70% from prior post IPO peaks as investors continue to evaluate where the company fits in the bigger GenAI vs. app software discussion. Wells sees the company deserving of a premium given its de facto status within product design, track record of delivering efficient growth, innovative product set capable of driving continued customer expansion and increasing signs of evidence in Figma’s ability to deliver tangible GenAI-enabled value in 2026 via Make.
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Read More on FIG:
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