Despite Figma Inc. (NYSE: FIG) reporting a record revenue quarter of $249.6 million, a 41% year-on-year increase, analysts have expressed disappointment causing the company's shares to plummet. RBC Capital Markets analyst Rishi Jaluria maintained a Sector Perform rating but reduced the price target from $75 to $65. BofA Securities analyst Brad Sills reaffirmed a Neutral rating and lowered the price target from $85 to $69. Meanwhile, Piper Sandler analyst Brent Bracelin reiterated an Overweight rating with a price target of $85. The company's non-GAAP earnings of $11.5 million were below expectations. Analysts are scrambling to adjust their forecasts amidst the unexpected market reaction.