Movement Alert｜Figma Rises 5.56% in Regular Trading, Citigroup Initiates Buy Rating with $36 Target Price

Market Focus

06/17

On June 17, Figma rose 5.56% in regular trading, trading at $19.335/share, with turnover of $124 million.

On the news front, Citigroup initiated coverage on Figma with a Buy rating and a target price of $36, implying significant upside from the current price level. According to FactSet, the consensus analyst rating on Figma is Overweight, with an average target price of $33.57.

The stock had previously come under pressure as the broader Application Software sector experienced sustained selling. On June 9 and June 12, Figma declined 5.02% and 5.79% respectively amid sector-wide profit-taking. The bullish initiation from Citigroup appears to have provided a catalyst for the rebound, reinforcing confidence in the company's growth trajectory following Q1 revenue growth of 46% year-over-year.

Figma, Inc. is an AI-powered design platform that enables seamless collaboration across the entire product development lifecycle. Its products include FigJam, Figma Slides, Figma Design, Figma Draw, Dev Mode, Figma Sites, Figma Buzz and Figma Make.

(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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It does not constitute investment advice or a basis for trading decisions.)</p></p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FIG","symbol_name":"Simplify Macro Strategy ETF","start_time":0,"source_url":"","article_id":"1108973724","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108973724","pubTimestamp":1781704797,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On June 17, Figma rose 5.56% in regular trading, trading at $19.335/share, with turnover of $124 million.On the news front, Citigroup initiated coverage on Figma with a Buy rating and a target price...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FIG":"Simplify Macro Strategy ETF"},"translate_title":"动向提示|Figma常规交易涨5.56%花旗启动买入评级目标价36美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FIG":1},"content_text":"On June 17, Figma rose 5.56% in regular trading, trading at $19.335/share, with turnover of $124 million.On the news front, Citigroup initiated coverage on Figma with a Buy rating and a target price of $36, implying significant upside from the current price level. 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