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Figma, Inc. (NYSE:FIG) is one of the 10 Best New Stocks to Buy Other Than SpaceX.

On June 26, 2026, Wells Fargo analyst Michael Turrin lowered the firm's price target on Figma, Inc. (NYSE:FIG) to $36 from $42 and kept an Overweight rating. After attending Config '26, Turrin said Wells Fargo's confidence increased in Figma's intelligent canvas and design platform strategy, as well as its ability to capture additional spending.

On June 25, RBC Capital analyst Rishi Jaluria lowered the firm's price target on Figma to $22 from $28 and kept a Sector Perform rating after attending the company's Config 2026 User Conference and Investor Session. Jaluria noted that management introduced new creative materials and intelligent tools, with discussion focused on a shift toward a seat-plus-consumption model and a broader product suite extending the canvas into code, motion, and AI-native creative workflows. RBC Capital came away with a better appreciation for Figma's pace of innovation, though it noted that products remain early and their financial impact is unproven.

On June 17, Citi initiated coverage of Figma with a Buy rating and $36 price target. Citi said Figma's "ramping AI traction" could bring "significant upside" to consensus estimates, citing industry checks showing strong AI traction, including seat upgrades and credit pack utilization.

Figma, Inc. (NYSE:FIG) develops and sells a collaborative, browser-based platform for designing, prototyping, and building digital experiences, along with subscriptions for access to its platform.

While we acknowledge the potential of FIG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on theΒ best short-term AI stock.

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