Stifel Initiates Coverage on Figma with 'Hold' Rating and $40 Price Target

Stifel initiated coverage on Figma (FIG) with a 'Hold' rating. The firm set a price target of $40 for the design software company.

Analyst Parker Lane suggests a neutral outlook on the stock's potential performance. This new rating offers investors another perspective on Figma's valuation and market position.

This initiation follows a series of recent analyst assessments. Earlier this week, on January 5, RBC Capital maintained its 'Sector Perform' rating.

However, RBC significantly lowered its price target. These varied ratings reflect mixed sentiment regarding Figma’s future growth prospects and near-term stock performance.