Figma(US:FIG) Benzinga·2026-02-27 20:12Core Viewpoint - Figma Inc (NYSE:FIG) shares are experiencing a decline amid a broader market selloff, driven by concerns over competitive pressures from Google's free Gemini tool and disappointing producer price data [1][5]. Financial Performance - Figma reported quarterly revenue of $303.78 million, exceeding Wall Street estimates and showing growth from $216.95 million a year ago. Earnings per share were eight cents, slightly above expectations [3]. Competitive Landscape - The introduction of Google's Gemini tool poses a threat to Figma's market position, as it competes with paid creative suites and may divert AI-driven design workflows away from Figma's platform [2]. Market Sentiment - Analysts are divided on Figma's outlook, with some trimming price targets while maintaining Neutral to Overweight ratings. The overall risk-off sentiment in the market has negatively impacted high-beta stocks like Figma [5]. Technical Analysis - Figma's stock has been in a downtrend since reaching a 52-week high near $122 in late summer 2025, with a series of lower highs and lows. The stock is currently trading close to its 52-week low of approximately $19.59 [6]. Analyst Ratings - The consensus among analysts is a Buy rating for Figma, with an average price target of $33.40. Recent adjustments to price targets include RBC Capital lowering to $31.00, Stifel to $30.00, and Wells Fargo to $42.00 [7][8].