---
title: "尽管 Figma 在第一季度表现强劲，高盛仍下调了其目标价"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/286770456.md"
description: "高盛将 Figma 的目标股价从 35 美元下调至 30 美元，同时维持中性评级，尽管 Figma 在 2026 年第一季度的收入同比增长 46%，达到 3.334 亿美元，超出预期。此次下调评级归因于竞争威胁和利润压力，尽管人工智能功能推动了客户支出和企业升级"
datetime: "2026-05-18T12:25:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286770456.md)
  - [en](https://longbridge.com/en/news/286770456.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286770456.md)
---

# 尽管 Figma 在第一季度表现强劲，高盛仍下调了其目标价

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.

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