RBC Maintains Sector Perform on FIG (Figma, Inc.) Feb 2026

RBC Capital maintained a Sector Perform rating on Figma, Inc. (FIG) on February 19, 2026 and lowered its price target to $31 from $38. This FIG analyst rating action came at 09:37 AM and followed strong Q4 results and commentary on multi-product traction. We view the move as a valuation reset that balances revenue momentum against margin and AI investment risks. The single RBC action reflects nuanced confidence, not a clear buy signal, for near-term investors.