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Benzinga
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These Analysts Cut Their Forecasts On Figma Following Q2 Results

1. Figma missed earnings estimates, reporting zero cents per share. 2. Quarterly revenue of $249.64M exceeded expectations of $228.2M. 3. Figma forecasts Q3 revenue of $263M to $265M, implying strong growth. 4. Following earnings, analysts lowered price targets for Figma stock. 5. Shares dropped 18.5%, signaling market concerns despite revenue growth.

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FAQ

Why Bearish?

Despite strong revenue growth, missing earnings expectations and significant share decline indicate bearish sentiment.

How important is it?

Recent earnings performance can greatly influence investor sentiment and trading behavior, impacting stock price.

Why Short Term?

Immediate analyst reactions and share price drop suggest short-term market reaction; long-term growth potential may stabilize sentiment.

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