10:34 AM EDT, 08/25/2025 (MT Newswires) -- Figma ( FIG ) will likely be a long-term beneficiary of demand for artificial intelligence applications, but investors should wait for a better entry point as the company's shares appear to be fully valued, RBC Capital Markets said in a note Monday.

"We believe Figma ( FIG ) could play an important role in the design and development of net new AI applications as AI continues to permeate all aspects of work and life," RBC said.

Figma's ( FIG ) financial profile combines "rapid growth at scale, with strong cash flow generation," which is unusual among public software companies, RBC said, adding that last year, it grew 45% to about $750 million in revenue, while generating nearly 25% free cash flow margins.

RBC started coverage of the company with a sector perform rating and $75 price target, and said there is "a lot to like about Figma ( FIG )."

Price: 73.99, Change: -3.31, Percent Change: -4.28