** Shares of design software company Figma FIG.N rise 12.3% to $22.73 premarket

** Co raised its annual revenue forecast on Thursday, driven by strong adoption of its AI tools, which boosted paid subscriptions and increased usage among large corporate clients

** Expects 2026 revenue between $1.42 bln and $1.43 bln, compared with its prior forecast of $1.36 bln to $1.37 bln

** "FIG is one of the few app layer names that can deliver strong upside to numbers" - analysts at Piper Sandler

** "Expect gross margin to remain pressured, however, AI credit enforcement should help partially offset the burden" - Piper Sandler

** 3 of 13 brokerages rate the stock "buy" or higher, 10 "hold"; their median PT is $38.5 - LSEG-compiled data

** As of last day's close, stock down 45.8% YTD