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May 15, 2026 4:01 PM

Figma Stock Jumps On Strong Q1 Growth, But Analyst Questions AI Revenue Durability

Figma Inc (NYSE:FIG) shares rallied in early trading on Friday, after the company on Thursday reported upbeat first-quarter results.

• Figma stock is surging to new heights today. What’s driving FIG stock higher?

While the company reported results that were "highly encouraging across the board," there is uncertainty around whether its AI-powered tool, Make, can become "a material and durable growth driver," according to BTIG.

The Figma Analyst: Analyst Nick Altmann reiterated a Neutral rating on the stock.

The Figma Thesis: The company delivered the second consecutive quarter of accelerating growth, with 46% growth coming in higher than the previous quarter's 40% and significantly beating the consensus estimate of 39%, Altmann said in the note.

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Management indicated that drivers of the quarter's results were broad-based, including seat expansion, retention, enterprise adoption, new user growth and AI credit monetization, he added.

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