Figma (FIG) continued its recent downtrend after Morgan Stanley significantly lowered its price target to $48 from $65, maintaining an Equal-Weight rating.
- A Simply Wall St analysis suggests the stock is overvalued by 85.9% based on DCF, noting its P/S ratio of 18.62x exceeds industry averages.
- The stock is trading lower at $32.12 (-0.76%) on January 15, underperforming the broader market rally (NASDAQ up 0.81%).