BofA Reinstates Figma at Buy, Sees Generative AI as a Growth Catalyst
Bank of America restored coverage of Figma with a Buy rating and a $30 price target, saying concerns that generative AI would harm the design software maker are overblown. Analyst Tal Liani views AI as a net positive that could broaden the pool of digital-product creators and increase demand for centralized collaboration. Early usage and enterprise…