RBC Capital Predicts Growth for AI-Ready Software Firms Like Figma (FIG) as Enterprise Spending Stabilizes

Figma Inc. (NYSE:FIG) is one of the oversold stocks to buy now. On January 5, RBC Capital analyst Rishi Jaluria lowered the firm’s price target on Figma to $38 from $65 and kept a Sector Perform rating on the shares. The firm believes that 2026 will be a pivotal year where companies prepared for enterprise AI adoption experience significant growth, while those lagging may struggle against the perception that AI is making traditional software obsolete. Although management teams are issuing conservative guidance for early 2026, enterprise spending is beginning to stabilize and improve in certain sectors, with GenAI continuing to fuel innovation.

In Q3 2025, Figma Inc. (NYSE:FIG) achieved a significant milestone by crossing a $1 billion annual revenue run rate, fueled by a 38% year-over-year revenue increase to $274.2 million. This performance exceeded previous guidance and was driven largely by the rapid adoption of AI-powered tools like Figma Make. ~30% of high-value customers are now using Figma Make every week, signaling a successful shift toward AI-native design workflows.

Figma also collaborated with OpenAI to launch a dedicated Figma App for ChatGPT, allowing users to generate diagrams and charts in FigJam through conversational AI. Now, for Q4, the company expects revenue between $292 and $294 million. For the full year, revenue is projected to reach between $1.044 and $1.046 billion, representing 40% year-over-year growth.

Figma Inc. (NYSE:FIG) develops a browser-based tool for designing user interfaces that helps design and development teams build various products.

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Disclosure: None. This article is originally published at Insider Monkey.