Figma Inc (FIG)
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-10-15
$21.49-6.52%
Close 2026-10-16 · 1-day change
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-10-15
Research Workspace
Put FIG beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Application Software is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Management is running behind on a stated commitment.
View ThesisMiddle-of-the-pack quality for its industry.
View QualityManagement screens weak on capital allocation, margins.
View ManagementExpectations look high — the market is pricing in about 78% growth a year, above the roughly 34% analysts expect, leaving little room for error.
View ValuationThis stock is highly volatile — it swings about 3% on a typical day and fell roughly 74% in its worst 12-month stretch.
View RiskFIG depends on sustained revenue growth, though its latest result is only one data point. Q2 FY2026 revenue grew 48% year over year, and earnings beat expectations. FIG trades at 9× sales versus a 3× peer median, near its 10× history. The market is pricing in more growth than our forecast. A 22% next-quarter miss probability and management’s missed commitment threaten confidence. Peer multiples imply a price about 70% below where it trades. This read is provisional.
Trailing returns as of 2026-10-16. FIG is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 15 analysts currently covering FIG (as of Oct 2026).
Based on 4 Wall Street analysts offering 12-month price targets for FIG in the last 4 months.
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Compare FIG with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| FIG Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 6 valuation methods, at three horizons. As of 2026-10-15. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Application Software — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put FIG next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
CEO selling shares raises concerns about leadership confidence.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-16. EPS is implied from price ÷ P/E. Not investment advice.
Current $21.49
The last 12 months of price, then the range of analyst 12-month targets from today’s $21.49.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Bottom 25% on quality vs scored peers
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Advances: Increase revenue guidance for 2026
Expansion trends support revenue growth objective.
CAO selling stock raises leadership concerns.
Competitor analysis raises concerns about market position.
Advances: Increase revenue guidance for 2026
Revenue guidance increase directly supports growth objective.
Advances: Achieve non-GAAP operating income of $125M-$135M in 2026
Operating income target confirmation supports cost objective.
Price target cut indicates market concerns about AI.
Advances: Sustain seat expansion and AI adoption
Revenue surge driven by seat expansion supports AI adoption.