NYSE:FIG 6 October 2025 - 2 July 2026

Figma, Inc. lost 9.8% to finish at $16.84 on Thursday, putting shares close to their 52-week low of $16.60. The stock opened at $18.06 and moved as low as $16.815. Trading volume came in at 24.8 million shares, up roughly 32% from its three-month average.

• Figma looked set to open higher in New York after Citi initiated coverage at buy and set a $36 price target.

Figma's stock dropped 7% to $33.85 during Tuesday afternoon trading, following Goldman Sachs analyst Gabriela Borges initiating coverage with a Neutral rating and a $40 price target. Volume exceeded its three-month average as shares lingered near the low end of their 52-week range.

Figma’s blockbuster 2025 IPO has quickly turned into one of the year’s most dramatic tech stock roller coasters. As of the close on December 5, 2025, Figma Inc. trades just under $38 per share, well below its post-IPO peak of about $143, but still above its $33 IPO price. MarketWatch+1

Figma’s blockbuster IPO in July 2025 briefly turned it into one of Wall Street’s hottest AI design plays. Just a few months later, the stock has given up most of those gains, is facing a high‑profile AI data lawsuit, and remains one of the most hotly debated software names on the market.

Figma’s first few months as a public company have turned into a stress test for investors’ nerves. The design‑software darling that once attracted a $20 billion takeover bid from Adobe now trades just above its $33 IPO price, after a brutal slide from August highs near $143 per share. Reuters+2TradingView+2

Figma’s stock has been on a wild ride since its summer IPO. After pricing at $33/share, FIG opened at $85 and soared to $122 within two trading daysnasdaq.com – a ≈270% jump that briefly valued the UI design software maker near $68 billion. That frothy debut came amid an upbeat tech IPO market, and even U.S. regulators took note: “Figma’s IPO [was] valued at about $68 billion on its first day,” FTC Chair Lina Khan lauded, highlighting it as a victory following the blocked $20 billion Adobe bid for Figmats2.tech. However, gravity hit quickly. FIG gave up those gains in a hurry – plunging 39% in August and another 26.2% in Septembersharewise.com as investors reassessed the lofty valuation. By the end of Q3, Figma was about 60% below its post-IPO high.