Beaten-Down Figma Shares Rebound on Strong Growth Outlook. Is the Stock a Buy?
Source: Motley Fool
2026-02-23 09:05:00 ET
After rejecting a buyout offer from Adobe and instead opting to go public, Figma (NYSE: FIG) has struggled in terms of stock price. The collaborative design platform company has been caught in the software-as-a-service (SaaS) sell-off, which has taken the stock to below its $33 IPO price.
For a stock that opened at $85 its first day of trading and closed at $115.50, it has been a hard fall from grace.
Image source: Getty Images.
Simplify Macro Strategy ETF
NASDAQ: FIG
FIG Trading
-3.92% G/L:
$28.20 Last:
4,597,986 Volume:
$28.60 Open:
