异动解读 | Figma股价盘中大跌5.12%,高估值引发市场担忧

异动解读
Aug 06, 2025

设计软件巨头Figma(FIG)周二盘中大跌5.12%,延续了近期的下跌趋势。这是继周一大跌27.4%之后的又一次显著下跌,引发了市场对其估值的广泛讨论。

Figma于上周四在纽交所上市,首日股价飙升250%至115.50美元,次日更是触及142.92美元的高点。然而,随着投资者对其高估值的担忧加剧,股价开始回落。截至周一收盘,Figma的市值已从上周五的595亿美元降至约452亿美元。

多位分析师对Figma的高估值表示担忧。Seeking Alpha分析师Oliver Rodzianko给予Figma"持有"评级,认为"这并非因为业务存在脆弱性,而是因为市场过于乐观"。Investing Group Leader的Daniel Jones则给予"卖出"评级,表示"尽管看好Figma的业务和发展前景,但该股票的定价过于理想化"。尽管Figma在第二季度初步财报中显示营收同比增长约40%,达到2.47亿至2.5亿美元,但市场似乎认为当前估值已经过高。随着投资者重新评估Figma的价值,其股价可能会继续面临压力。

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