• Figma, Inc. (FIG) shares jumped 5.38% to $18.95 today following Citi's initiation of coverage with a Buy rating and a $36 price target.
  • Analyst Tyler Radke highlighted Figma's potential to leverage AI-driven consumption growth and noted strong customer upgrades and credit pack utilization.
  • The bullish initiation comes despite broader market pressure and follows a period where the stock had been testing the $18 support area.