Figma, Inc. (NYSE:FIG) saw a 6.67% gain on Wednesday, closing at $74.04 per share after Piper Sandler gave an “overweight” rating with a $85 price target, citing the company’s platform, business model, and global reach. The firm predicts $3 billion in annualized recurring revenues by 2030 from AI features and international growth.

Piper Sandler sees Figma, Inc. (NYSE:FIG) benefiting from AI industry growth, predicting $3 billion in annualized recurring revenues by 2030. While the stock shows promise, other AI stocks may offer higher returns. For a potential investment option, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: Figma (FIG) Snaps 2-Day Loss on Bullish Rating, Higher PT