On August 4, Figma rose 5.14% in regular trading, trading at $26.185/share, with turnover of $194 million.

On the news front, the company is set to release its latest quarterly earnings on August 5 after market close, with consensus estimates projecting revenue of $352 million, representing 41.31% year-over-year growth, and EBIT growth of 41.62% YoY. Institutional bullish sentiment has been building ahead of the report, with Citigroup maintaining a Buy rating and $36 price target, and Bank of America also assigning a Buy rating with a $30 target.

Additionally, the AI application software sector saw broad-based strength, with ServiceNow, Snowflake, and other peers rising in tandem. Citi noted in its software industry outlook that enterprise AI budgets are increasingly concentrated among platform companies with data infrastructure and AI-enablement capabilities, raising its AI industry total revenue forecast from $2.8 trillion to $3.3 trillion for the period ahead.

(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.)