Figma Shares Climb 11.6% as Analysts See Oversold AI Sell-Off
Figma shares rose 11.6% after analysts predicted a rebound in software names following an AI-driven sell-off that had pushed FIG near its 52-week low. JPMorgan, Goldman Sachs and Morgan Stanley flagged solid fundamentals and overdone AI disruption fears, calling the pullback sentiment-driven and highlighting upside potential in higher-quality software stocks.
1. JPMorgan Predicts Rebound in Software
JPMorgan strategists led by Dubravko Lakos-Bujas argued that the recent sell-off in software stocks went too far, forecasting a rebound over the next three to six months as worst-case AI disruption scenarios are unlikely to materialize.
2. AI-Driven Sell-Off Creates Opportunity
Rapid advances in AI tools triggered a sharp pullback in Figma shares, pushing the stock near its 52-week low and opening a window for investors to buy higher-quality software names at discounted valuations.
3. Broader Bullish Support from Wall Street
Goldman Sachs and Morgan Stanley echoed the upbeat view, citing solid revenue expectations, improving earnings revisions and sentiment-driven dislocation rather than fundamental weakness in enterprise software providers.
4. Figma Price Action and Outlook
Figma stock surged 11.6% during the trading session, reflecting renewed investor confidence and positioning the company for potential upside as AI integration tailwinds emerge.