Movement Alert|Figma Rises 5.11% in Regular Trading, AI Application Software Stocks Rally Against Market Trend

Market Focus
06/26

On June 26, Figma rose 5.11% in regular trading, trading at approximately $17.82 per share, with turnover of $97.95 million.

On the news front, U.S.-listed AI application software stocks broadly rallied against the market trend. ServiceNow and Figma gained over 6%, Salesforce and Workday rose over 4%, while Palantir, Adobe, and Datadog climbed over 3%. The sector-wide strength provided a tailwind for Figma's rebound.

The rally comes one day after Figma fell 7.24% on June 25, when RBC Capital Markets cut its price target from $28 to $22 while maintaining a Sector Perform rating, citing concerns over design tool competition and AI-related gross margin pressure. RBC noted that Figma's new product strategy for creative materials and intelligent tools is taking shape, though financial impact remains unproven. Despite the downgrade, analysts polled by FactSet maintain an average overweight rating with a mean price target of $33.13, suggesting significant upside from current levels.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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