Goldman Sachs initiates Figma coverage on Neutral with a PT of $48.
ByAinvest
Monday, Aug 25, 2025 12:16 pm ET1min read
FIG--
Goldman Sachs highlighted Figma's competitive strengths, including its large user base of 13 million monthly active users and 450,000 paying customers. The bank also noted Figma's advanced generative AI capabilities as a key differentiator in the $36 billion digital design industry. Despite these strengths, Goldman Sachs remained cautious, attributing the Neutral rating to Figma's high valuation, which the bank believes already reflects much of its growth potential.
The Neutral rating and price target of $48.00 place Goldman Sachs in line with other major brokerages that have initiated coverage on Figma. Wells Fargo, for instance, set a price target of $82.00, while Morgan Stanley and RBC Capital Markets have set targets of $80.00 and $75.00, respectively. JPMorgan has a more conservative target of $65.00, while Piper Sandler, which initiated coverage with an Overweight rating, has set a target of $85.00.
Figma's strong IPO performance, with shares more than doubling from its IPO price of $33 to $85, has drawn significant investor attention. The company's market value of $37.68 billion as of last close now far exceeds the $20 billion price tag from a now-abandoned buyout deal with Adobe in December 2023. Figma's prominent backers include venture capital firms Kleiner Perkins and Sequoia.
The Neutral rating from Goldman Sachs reflects a balanced view of Figma's potential, acknowledging its competitive position and growth prospects, while also considering the high valuation and the potential challenges posed by intense competition and AI-driven innovation.
References:
[1] https://site.financialmodelingprep.com/market-news/bofa-initiates-coverage-on-figma-with-neutral-rating-and--price-target
[2] https://www.investing.com/news/analyst-ratings/wells-fargo-initiates-figma-stock-with-equal-weight-rating-82-price-target-93CH-4208416
[3] https://finance.yahoo.com/news/figma-draws-neutral-ratings-wall-111421380.html
GS--
Goldman Sachs initiates Figma coverage on Neutral with a PT of $48.
Goldman Sachs has initiated coverage on Figma Inc. (NYSE: FIG) with a Neutral rating and a price target of $48.00. The investment bank joins a growing list of Wall Street firms that have begun analyzing the design software company following its successful IPO in June 2025.Goldman Sachs highlighted Figma's competitive strengths, including its large user base of 13 million monthly active users and 450,000 paying customers. The bank also noted Figma's advanced generative AI capabilities as a key differentiator in the $36 billion digital design industry. Despite these strengths, Goldman Sachs remained cautious, attributing the Neutral rating to Figma's high valuation, which the bank believes already reflects much of its growth potential.
The Neutral rating and price target of $48.00 place Goldman Sachs in line with other major brokerages that have initiated coverage on Figma. Wells Fargo, for instance, set a price target of $82.00, while Morgan Stanley and RBC Capital Markets have set targets of $80.00 and $75.00, respectively. JPMorgan has a more conservative target of $65.00, while Piper Sandler, which initiated coverage with an Overweight rating, has set a target of $85.00.
Figma's strong IPO performance, with shares more than doubling from its IPO price of $33 to $85, has drawn significant investor attention. The company's market value of $37.68 billion as of last close now far exceeds the $20 billion price tag from a now-abandoned buyout deal with Adobe in December 2023. Figma's prominent backers include venture capital firms Kleiner Perkins and Sequoia.
The Neutral rating from Goldman Sachs reflects a balanced view of Figma's potential, acknowledging its competitive position and growth prospects, while also considering the high valuation and the potential challenges posed by intense competition and AI-driven innovation.
References:
[1] https://site.financialmodelingprep.com/market-news/bofa-initiates-coverage-on-figma-with-neutral-rating-and--price-target
[2] https://www.investing.com/news/analyst-ratings/wells-fargo-initiates-figma-stock-with-equal-weight-rating-82-price-target-93CH-4208416
[3] https://finance.yahoo.com/news/figma-draws-neutral-ratings-wall-111421380.html
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