Why Is Figma Stock Plunging Thursday?
1. Figma's shares dropped 19% post second-quarter results release. 2. Revenue of $249.64 million surpassed $228.2 million estimate, 41% YOY growth. 3. Adjusted earnings at 8 cents missed consensus of 18 cents per share. 4. Figma forecasts optimistic revenue for fiscal 2025 despite earnings miss. 5. Analysts downgraded price targets; one initiated coverage with an Overweight rating.