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Benzinga
24 hrs

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.

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FAQ

Why Bearish?

Despite revenue growth, the significant miss on earnings guidance raises concerns. Historical context shows similar earnings misses often lead to downward price adjustments.

How important is it?

The article covers significant earnings details affecting FIG's stock market position directly.

Why Short Term?

The immediate market reaction indicates sensitivity to earnings performance. However, optimistic revenue forecasts may stabilize in the long term.

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