Piper Sandler has initiated coverage on Figma Inc (FIG) with an Overweight rating as of September 3, 2025. This marks the firm's first assessment of the company, reflecting its analysis of Figma's business model and growth prospects in the technology sector.
Figma, an AI-powered design platform, facilitates collaboration across the product development lifecycle. The company employs 1,577 full-time employees and offers products such as Figma Design, Figma Make, and FigJam, which enhance the efficiency of cross-functional teams in software development.
As of November 20, 2025, Figma holds a market capitalization of $17.7 billion and reports a trailing twelve months (TTM) earnings per share (EPS) of -2.37. The company is expected to announce earnings on November 5, 2025, with an EPS estimate of $0.05 and revenue estimate of $267.9 million.
In its recent earnings performance, Figma reported Q3 2025 EPS of $0.10, exceeding estimates by 114.1%. This follows a Q2 2025 EPS of $0.09, which also surpassed projections.
Analyst consensus as of November 1, 2025, shows 2 Strong Buy, 3 Buy, and 9 Hold ratings, with no Sell or Strong Sell ratings among 14 analysts. The consensus rating is categorized as Buy. Recent actions from other analysts include a neutral initiation from Goldman Sachs on August 25, 2025, and maintenance of Equal-Weight ratings by Morgan Stanley and Wells Fargo on September 4, 2025.
This update provides insight into Figma's standing within the market, highlighting the firm's growth potential amid a competitive landscape.