BofA Securities analyst Tal Liani resumed coverage of Figma (FIG) with a Buy rating. The analyst established a price target of $30 for the stock.
Figma shares experienced a significant decline over the past year. This drop followed market concerns that generative AI would negatively impact the company's value proposition.
Liani suggests that artificial intelligence will support Figma's growth prospects rather than hinder them. This assessment signals a potential shift in market perception regarding the company's position in the evolving tech landscape.