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Figma upgraded to buy after strong Q1 with 43% revenue growth and raised outlook.

Analyst Insights
24 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Figma has been upgraded to a buy rating following a strong first quarter where it reported 43% year-over-year revenue growth and raised its revenue outlook to over $1.4 billion for the year. The company continues to show robust customer retention near 140% net expansion, driven by cross-selling and focus on higher-end customers. Trading at about 7 times revenue, Figma is seen as having potential for further valuation gains once market sentiment towards software stocks improves.

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