Figma Inc. (FIG) Rallies 5% on Bargain-Hunting

Figma Inc. (NYSE:FIG) is one of the 10 Stocks Investors Dominating the Market Today.

Figma rallied by 5.03 percent on Thursday to finish at $22.15 apiece, as investors resorted to bargain-hunting to take advantage of the six consecutive days of declines.

The stock is noticeably trading at the lower end of its 52-week price range, having dipped to $20.93 in intra-day trading on Thursday, or just $1.08 shy of its 52-week low of $19.85.

Photo from Figma website

In the past six consecutive days, Figma Inc. (NYSE:FIG) has already lost as much as 23 percent, dragged by the broader market pessimism amid the tensions in the Middle East.

On Wednesday, Figma Inc. (NYSE:FIG) received a “perform” rating from Oppenheimer, saying that it has a strong growth trajectory in software, with its AI-embedded digital design platform disrupting the market.

It underscored the number of software firms that have scaled their revenue run-rate to $1.22 billion, as quickly as Figma Inc. (NYSE:FIG), which deserves a premium for having a visionary technology management team.

However, it noted that agentic automation could reduce the value of design platforms and subscriber growth, increase AI-native competitors, and weaken Figma’s moat.

While we acknowledge the risk and potential of FIG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FIG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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