Figma Stock Tumbles 11% on Analyst's Price Target Cut
ByAinvest
Tuesday, Feb 3, 2026 7:41 pm ET1min read
FIG--
Figma's stock tumbled nearly 11% on Tuesday after Piper Sandler analyst Hannah Rudoff cut her fair value assessment to $35 per share from $70, despite maintaining an overweight rating. Rudoff's adjustment was part of a broader reconsideration of the software segment, with investors shifting focus to hotter areas like hyperscalers. Figma has embraced AI, including acquiring start-up Weavy for its image and video generation technology. The company's depressed stock price is unsustainable, according to some analysts.
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet