<div id="readability-page-1">Earnings beat expectations: Figma's Q1 2026 revenue jumped 46% year over year to $333.4 million, beating estimates by over 5%, with record customer retention and strong AI adoption. Goldman trims target: Goldman Sachs cut its price target to $30 from $35 while keeping a Neutral rating, citing competitive threats and margin headwinds despite robust growth. AI monetization gains: Data showed AI features driving higher customer spend and seat expansion, with enterprise users exceeding AI credit limits and upgrading tiers.</div>

GS-D

GS-A

GS-C

FIGG

<p>Goldman Sachs has reduced Figma's price target from $35 to $30 while maintaining a Neutral rating, despite Figma's Q1 2026 revenue rising 46% year-over-year to $333.4 million, surpassing estimates. The downgrade is attributed to competitive threats and margin pressures, even as AI features boost customer spending and enterprise upgrades.</p>

Figma

GOLDMAN SACHS GROUP INC DEP REP 1/1000TH PRF D

Goldman Sachs

GOLDMAN SACHS GROUP INC DEP SHR REP 1/1000TH PFD SER A

GOLDMAN SACHS GROUP INC DEP SHS REPSTG 1/1000TH PRF SER C

iShares Expanded Tech Software Sector ETF

Leverage Shares 2x Long FIG Daily ETF

SPDR S&P Software

GS Hldg R

Goldman Sachs cuts Figma price target despite strong Q1