RBC Capital upgrades its outlook for AI-integrated software companies, highlighting Figma (FIG) as a top beneficiary of enterprise stabilization and accelerating AI adoption in design and collaboration tools.
- RBC Capital forecasts 28% CAGR in Figma’s revenue over the next three years
- Figma’s AI tools have driven a 40% YoY increase in paid user conversions
- Enterprise software spending stabilized in late 2025 after two years of contraction
- Figma’s AI-assisted prototyping and layout automation tools are accelerating adoption
- FIG shares outperformed the tech sector by 12% over the past 60 days
- Increased enterprise focus on AI-enabled productivity tools is reshaping SaaS investment priorities
RBC Capital has upgraded its investment thesis for AI-ready software firms, citing a stabilization in enterprise technology spending as a key catalyst for growth. Among the standout names, Figma (FIG) is positioned as a leader in the next wave of AI-driven productivity platforms, with its design and collaboration infrastructure now increasingly embedded with generative AI capabilities. The firm projects Figma’s revenue to expand at a compound annual growth rate of 28% over the next three years, driven by increased enterprise adoption of its AI-powered design workflows and enhanced developer integrations. This forecast follows recent updates to Figma’s platform, including the launch of AI-assisted prototyping tools and automated layout generation, which have contributed to a 40% year-over-year increase in paid user conversions. Enterprise spending on software solutions, after a period of contraction in 2023–2024, has shown signs of stabilization in late 2025, with IT budgets for digital transformation and AI integration rebounding. RBC notes that companies are now prioritizing tools that offer measurable productivity gains and seamless AI integration—areas where Figma has demonstrated competitive advantage. The positive outlook has already influenced market dynamics, with FIG shares outperforming the broader technology sector by 12% over the past 60 days. Investors are increasingly viewing AI-enabled SaaS platforms not just as operational tools, but as strategic infrastructure for innovation, particularly in product development and user experience design.