On October 30, Figma fell 5.08% in Regular Trading, trading at $22.04, with turnover of $98.7619 million.

The move aligns with a recent event-driven catalyst: Stifel lowered its target price on Figma to $22 from $25 while maintaining a Hold rating, adding pressure to market sentiment ahead of the company’s November 4 earnings report.

Background metrics remain mixed. Figma previously reported second-quarter revenue of $370.1 million, up 48% year over year, and lifted full-year revenue guidance to $1.463 billion-$1.467 billion. However, management has said it is willing to sacrifice margin to drive AI demand growth. Quarterly gross margin has declined from above 90% historically to the mid-80% range, while continued AI investment has weighed on profitability and cash flow, helping explain the stock’s weaker trading tone.

(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.)