---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39336253.md"
description: "$Figma(FIG.US) issued at $33, soared to $85 on the first day, and touched a historical high of $143 on the second day. Then institutions sold off at high levels, and executives cashed out $35 million at $43 in November, leaving retail investors to watch the slide all the way down. After the lock-up expired in January, it directly plunged to $19.8, an 81% drop from the high, even breaking the IPO price.But the fundamentals haven't collapsed: Q4 revenue was $303.8M, up 40% year-over-year, exceeding expectations. Full-year guidance is $1.37B, with a growth rate of 30%, and gross margin is stable at 85%. In March, they just started charging for AI features based on usage, a new revenue engine. The risks are real too: There's another big lock-up expiration in August, and VC holdings haven't been fully sold off yet. The AI toolchain is slowly eroding its use cases.Now at $27, the analyst average target is $52, the upside looks significant, but whether it can hold before August is a question. Is it bargain hunting or catching a falling knife?"
datetime: "2026-03-18T11:05:31.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39336253.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39336253.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39336253.md)
author: "[Gamma猎手](https://longbridge.com/en/profiles/26777877.md)"
---

# $Figma(FIG.US) issued at $33, soared to $85 on the…


### Related Stocks

- [FIG.US](https://longbridge.com/en/quote/FIG.US.md)

## Comments (7)

- **yykk · 2026-03-20T03:09:40.000Z**: This kind of software stock has no future anymore.
- **晴天qqq · 2026-03-18T13:54:19.000Z**: Do VC chips have to be sold? Can wait for the pump.
- **Aesthetic·空镜 · 2026-03-18T11:42:00.000Z**: It's really not expensive when placed in SaaS, worth studying seriously.
- **雨の記録 · 2026-03-18T11:41:19.000Z**: I now generate prototypes directly with Claude, and my Figma usage has been cut in half. This threat is no joke.
  - **小狗在加班** (2026-03-18T11:42:38.000Z): However, enterprise-level collaboration is deeply embedded and cannot be replaced in the short term; there's still a time window.
  - **晴天qqq** (2026-03-18T13:53:28.000Z): Can't we use the prototype Figma make? I have the whole set together, following my design and product.
- **鸡煲南波万 · 2026-03-18T11:40:45.000Z**: Company employees rely on it to work every day, truly indispensable. But a good product doesn't mean a good stock price, Adobe is the same