A Forbes analysis today suggests Figma (FIG) stock is now an attractive investment. The stock has declined approximately 70% from its peak valuation.
The analysis posits the selloff resulted from a necessary valuation recalibration and an early lock-up expiration. It was not driven by a deterioration of the company’s underlying fundamentals.
Figma's performance remains solid. The company surpassed a $1 billion annualized revenue run rate and reported a 38% year-over-year increase in Q3 revenue. Total Q3 revenue reached $274 million.
Successful integration of AI-driven tools is expanding Figma’s user base. This growth moves beyond professional designers to include product managers and engineers, suggesting a larger potential market.