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Analysts Offer Insights on Technology Companies: Figma, Inc. Class A (FIG) and Red Violet (RDVT)

Tipranks - Fri Jun 26, 8:52AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Figma, Inc. Class A (FIG) and Red Violet (RDVT).

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Figma, Inc. Class A (FIG)

RBC Capital analyst Rishi Jaluria maintained a Hold rating on Figma, Inc. Class A today and set a price target of $22.00. The company’s shares closed last Thursday at $17.29, close to its 52-week low of $16.60.

According to TipRanks.com, Jaluria is ranked 0 out of 5 stars with an average return of -6.7% and a 46.7% success rate. Jaluria covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and ZoomInfo Technologies. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Figma, Inc. Class A with a $31.86 average price target, implying a 75.0% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Hold rating on the stock.

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Red Violet (RDVT)

In a report released today, Thomas Flaten from Lake Street reiterated a Buy rating on Red Violet, with a price target of $62.00. The company’s shares closed last Thursday at $55.03.

According to TipRanks.com, Flaten is a 4-star analyst with an average return of 8.0% and a 50.8% success rate. Flaten covers the Healthcare sector, focusing on stocks such as Insight Molecular Diagnostics, Connect Biopharma Holdings, and Aquestive Therapeutics. ;'>

Red Violet has an analyst consensus of Moderate Buy, with a price target consensus of $63.50.

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