Figma, Inc. (NYSE:FIG) stock rose Thursday after the company posted stronger-than-expected quarterly results and highlighted new artificial intelligence integrations.
Investors focused on accelerating revenue growth and upbeat guidance that signaled continued momentum for the collaborative design platform.
Wall Street also reacted to the company’s recent expanding partnership with Anthropic, which introduces a feature called “Code to Canvas” aimed at linking AI-generated code with Figma’s design workflow, CNBC reported on Tuesday.
The new “Code to Canvas” feature allows developers to convert AI-produced interfaces into editable layouts inside the Figma canvas. Teams can adjust visual elements, compare different iterations and align design decisions within a shared workspace.
Management appears to be positioning the platform as a bridge between rapid AI coding tools and human-centered design refinement.
Quarterly Results Drive Momentum
Figma reported quarterly earnings of eight cents per share, which beat the Street estimate of seven cents, according to data from Benzinga Pro.
Quarterly revenue came in at $303.78 million, which beat the analyst consensus estimate of $293.15 million and was up from $216.95 million in the same period last year.
Analysts’ Takes
RBC Capital Markets analyst Rishi Jaluria reiterated the Sector Perform rating, lowering the price forecast from $38 to $31. Jaluria said he liked net dollar retention rising five points to 136%.
He also flagged strong large-customer momentum across several ARR tiers.
Goldman Sachs reiterated the Neutral rating on the stock, lowering the price forecast from $40 to $35.
The brokerage updated its revenue projections for 2026, 2027, and 2028 to $1.374 billion, $1.643 billion, and $1.929 billion, respectively, up from prior estimates of $1.312 billion, $1.568 billion, and $1.848 billion.
It noted robust adoption of Figma Make, with weekly active users jumping 70% quarter over quarter, but said greater clarity is needed around the platform’s full AI monetization potential.
Goldman Sachs also flagged that Figma will anniversary a pricing and packaging tailwind in the first quarter of 2026, while highlighting potential upside from deeper wallet share within large enterprise accounts, emerging AI-driven revenue streams, or a fresh product cycle.
Piper Sandler analyst Billy Fitzsimmons reiterated an Overweight rating and kept a $35 price forecast unchanged.
Wells Fargo analyst Michael Turrin reiterated an Overweight rating and lowered the price forecast to $42 from $52. In contrast, Stifel analyst Parker Lane maintained a Hold rating and reduced the price forecast to $30 from $40.
FIG Price Action: Figma shares were up 2.79% at $24.86 at the time of publication on Thursday, according to Benzinga Pro data.
Image by rblfmr via Shutterstock
