Figma Hits New 52-Week Low, Analysts Debate Whether to Sell

Figma stock drops to $19.70, raising questions about the company's future performance

Apr. 2, 2026 at 2:34pm by Ben Kaplan

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Figma, Inc. (NYSE:FIG), a leading design software company, hit a new 52-week low of $19.70 per share on Thursday. The stock closed at $20.30, down from its previous close of $20.42. Wall Street analysts are divided on whether investors should sell the stock, with some maintaining a 'hold' rating and others suggesting an 'overweight' or 'sell' recommendation.

Why it matters

Figma's stock performance is closely watched as the company is a major player in the design software market. A significant drop in its share price could signal broader concerns about the company's financial health and growth prospects, which could impact its ability to compete against rivals like Adobe and Microsoft.

The details

Several research firms have recently commented on Figma's stock. Wall Street Zen upgraded the shares from a 'sell' rating to a 'hold' rating, while Piper Sandler reiterated an 'overweight' rating and set a $35 price target. Morgan Stanley decreased its target price from $38 to $31 and maintained a 'sector perform' rating. Weiss Ratings, on the other hand, assigned a 'sell (e+)' rating to the stock.

  • Figma's stock hit a new 52-week low of $19.70 on Thursday, April 2, 2026.
  • The stock closed at $20.30 on the same day, down from its previous close of $20.42.

The players

Figma, Inc.

A San Francisco-based software company that offers a web-based platform for interface design, prototyping, and collaboration.

Wall Street Zen

A research firm that recently upgraded Figma's stock from a 'sell' rating to a 'hold' rating.

Piper Sandler

A research firm that reiterated an 'overweight' rating and set a $35 price target on Figma's stock.

Morgan Stanley

A research firm that decreased its target price on Figma's stock from $38 to $31 and maintained a 'sector perform' rating.

Weiss Ratings

A research firm that assigned a 'sell (e+)' rating to Figma's stock.

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What they’re saying

“We must closely monitor Figma's performance and consider whether to maintain or adjust our investment strategy.”

— Analyst

“Despite the recent stock price decline, we believe Figma's long-term growth potential remains strong.”

— Analyst

What’s next

Investors will be closely watching Figma's upcoming earnings report and any further updates from Wall Street analysts to determine the company's long-term prospects.

The takeaway

Figma's stock price drop to a new 52-week low has raised concerns among investors and analysts about the company's future performance. While some analysts remain cautiously optimistic, others have issued sell recommendations, indicating the need for Figma to address any underlying issues and demonstrate a clear path to growth.