FIG · NYSE · STOCK
Figma (FIG) Stock Analysis
$22.49
52W $16.60 – $67.68
59/100
$10.97B
-7.1
0.92
Is FIG Bullish or Bearish?
Mixed.
Innellis AI committee rates Figma, Inc. (FIG) Watch with a composite score of 59/100
, based on 6 analysts with 50% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +1.41 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -18.59 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. News Analyst sees a compelling case — news sentiment is positive (+0.42 across 12 articles, 14d). Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- 4 consecutive earnings beats -- consistent execution — Growth
- MACD histogram positive -- bullish momentum — Technical
- Weekly trend (downtrend) confirms the daily trend -- multi-timeframe agreement — Technical
- Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock — Risk
- News sentiment is positive (+0.42 across 12 articles, 14d) — News
Bear Case
- Price-to-book of 12.3x prices in significant intangible value — Value
- ROE of only -108.2% -- cheap may mean cheap for a reason — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- Price structure making lower highs and lower lows — Technical
- Price structure (HH_HL) contradicts the downtrend -- mixed signals — Technical
- Bollinger bandwidth of 18.4% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
59/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 50%
of 287 Technology peers
Value Analyst
neutral
43
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
− Price-to-book of 12.3x prices in significant intangible value
Growth Analyst
neutral
58
/ 100 · Moderate confidence
Moderate growth -- present but not remarkable
+ 4 consecutive earnings beats -- consistent execution
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
53
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
− Price structure making lower highs and lower lows
Risk Analyst
bullish
62
/ 100 · Moderate confidence
Risk profile is manageable -- leverage, volatility, and event exposure all look contained
+ Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock
− Bollinger bandwidth of 18.4% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
71
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.42 across 12 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 58.4 to 58.6.
- New bearish signals: 1 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- News Analyst: +1 bullish signal(s).
- Risk Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
57.8
Neutral
MACD Histogram
0.233
Bullish Momentum
Trend Direction
Downtrend
Weekly: Downtrend
Market Structure
Hh Hl
Support
$19.87
Resistance
$27.73
Bollinger %B
0.61
Inside Bands
Price vs Moving Averages
EMA 9
$21.96
Above
EMA 21
$22.34
Above
EMA 50
$23.04
Below
EMA 200
$30.33
Below
Fundamental Analysis
Valuation
67
Growth
56
Profitability
25
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
-7.1×
P/B Ratio
8.03×
PEG Ratio
0.06
Dividend Yield
0.00%
52W High
$67.68
52W Low
$16.60
Quality & Growth
ROE
-8277.7%
ROA
-5325.2%
Gross Margin
7913.9%
Operating Margin
-12384.0%
Revenue Growth YoY
—
Debt / Equity
0.05
AI Fundamental Assessment
P/E ratio of -7.1 (inexpensive relative to a 15-40x range); Price-to-book of 8.0x; PEG ratio of 0.1 (under 1.0 suggests growth is undervalued relative to price); Return on equity of -82.8%; Return on assets of -53.3%; Net margin of -123.1%; Gross margin of 79.1%; Current ratio of 2.45 (healthy short-term liquidity); Debt-to-equity of 0.05; Free cash flow per share is positive (0.44); Most recent quarter beat estimates by 94.2%; 4 consecutive earnings beats; EPS growth decelerating (+25.0% -> -20.0% QoQ); Analyst estimates falling over recent quarters
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