Figma (FIG) shares rose 2.32% ahead of its Q4 earnings report scheduled for February 18, amid growing optimism for AI-driven software growth.
- Piper Sandler maintained an Overweight rating but halved its price target to $35 from $70, pointing to potential seat-compression risks.
- Market focus remains on whether new ChatGPT integrations and AI product expansions can effectively counter valuation pressures.
- The stock finished the February 13 session at $22.53, benefiting from JPMorgan’s recent bullish outlook on the broader software sector.