Figma stock drops 7% after Goldman starts coverage — what NYSE:FIG investors are watching next
Figma shares fell 7% to $33.85 Tuesday afternoon after Goldman Sachs began coverage with a Neutral rating and a $40 price target. Trading volume topped the three-month average as the stock hovered near its 52-week low. Investors focused on Fed rate expectations and upcoming earnings. Over half of Figma’s Class A shares remain locked up until August 2026.