Figma Stock Is Battered, but Citi Sees a Massive Turnaround Ahead

The design-software maker has been battered by fears of artificial intelligence disruption and a broad sector downturn. Figma shares were up 7.8% at $19.38 on Wednesday, snapping an 11-day losing streak. The design software market faces unique risks, Radke conceded, as generative AI reduces the time and skill required for prototyping and ideation, in turn blurring the boundaries “of who a ‘designer’ is.”