Added to YB: 2026-02-23
Pitch date: 2026-02-18
FIG [bullish]
Figma, Inc.
-6.31%
current return
Author Info
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Company Info
Figma, Inc. develops and sells a collaborative, browser-based platform for designing, prototyping, building digital experiences, and subscriptions for access to its platform.
Market Cap
$11.9B
Pitch Price
$26.00
Price Target
142.20 (+559%)
Dividend
N/A
EV/EBITDA
-7.25
P/E
-6.67
EV/Sales
8.91
Sector
Software
Category
growth
Figma: Death to SaaS, Long Live the Product Operating System
FIG (new position): Product OS expanding beyond design into dev handoff. 38% YoY growth, 131% NDR, Rule of 50. Mar '26 consumption pricing launch key catalyst. AI credits could add $100M+ FY27 rev as agentic workflows consume at scale. Trading 8x EV/Sales vs 12-18x peers, 43% below $19.3B IPO, 45% below Adobe's $20B offer. Bear case priced; bull case= design moat as code cost→0. Zenoble 5yr tgt: $50B+ (~5x)
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