周一，云端协作设计平台 Figma 股价下跌超6%。IPO强制静默期结束后，多家大行首次发布对该公司的评级报告，虽然对Figma的增长前景和人工智能潜力持乐观态度，但普遍认为其当前估值过高。
摩根大通给予Figma"中性"评级，目标价65美元。该行分析师称Figma是"公认的核心设计系统"，其浏览器原生架构和多人协作工具已成为行业标准。加拿大皇家银行给予"行业表现"评级，目标价75美元，认为"Figma有潜力成为一个完整的端到端设计平台，从'虚拟编码'到部署"。摩根士丹利则给予"等权重"评级，目标价80美元。
Figma自7月31日上市以来涨幅约120%，但涨幅主要集中在第一天，自8月1日以来跌幅超36%。目前的市值远超其此前与Adobe达成的200亿美元收购交易。分析师普遍认为，尽管Figma在设计软件领域具有领先地位和良好的增长前景，但当前的高估值可能限制了股价的上涨空间。此外，市场对人工智能在应用设计领域的快速发展也存在一些担忧，可能会影响Figma的竞争优势。
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