Figma Stock Price Prediction: Wall Street’s $30 Target May Be Too Low
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The post Figma Stock Price Prediction: Wall Street’s $30 Target May Be Too Low appeared first on 24/7 Wall St..
Figma (NYSE:FIG) has been one of the most whiplash-inducing stories in software this year. After IPO’ing to euphoria, the stock is now down 61.26% over the past year and 27.03% year to date, even as revenue growth accelerated to 48% year over year in Q2. Wall Street’s consensus target sits at $30.80. I think that number is too conservative.
Figma currently trades at $27.27.
Figma (NYSE:FIG) has been one of the most whiplash-inducing stories in software this year. After IPO’ing to euphoria, the stock is now down 61.26% over the past year and 27.03% year to date, even as revenue growth accelerated to 48% year over year in Q2. Wall Street’s consensus target sits at $30.80. I think that number is too conservative.
Figma currently trades at $27.27.
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