🟢 Figma is trading 3% up today amid broader market rally

FIG is trading at +3.01% now at $27.89, rebounding from a 49.26% decline over the past 90 days amid a broader market rally.

• The gain aligns with a broader market rally (S&P 500 up 0.66%, NASDAQ Composite up 1.01%), driven by easing geopolitical tensions.
• The stock remains significantly overvalued on a price-to-sales basis of 13.8x versus the peer average of 7.1x.
• Analyst consensus targets average $56 against the current price.