Recent investor marks have placed Canva’s implied valuation in the $37–38.2 billion range as of early October 2026, following 6–17% markdowns by T. Rowe Price, Franklin Templeton, Blackbird, and Airtree in the third quarter. These adjustments reflect Canva’s decision to lower its full-year revenue growth target from 30% to 20% amid elevated AI infrastructure costs, even as annualized revenue approaches $4 billion and monthly active users exceed 240 million. A fresh acquisition of MagicBrief and deeper OpenAI integrations announced in late September and early October provide incremental product momentum, yet private-market revaluations typically require secondary share trades or new financing rounds—events that have not materialized in the past month. With the October 31 resolution date approaching, traders are focused on whether any near-term secondary activity or updated fund marks can reverse the recent downward trajectory before month-end.