Where Will Figma Stock Be in 1 Year?
Figma (NYSE: FIG) made a blockbuster debut on the stock market less than two months ago, rising a phenomenal 250% on its first day as a public company on July 31. However, its stock market performance has been anything but phenomenal since then.
Figma stock is down 52% since Aug. 1. The post-initial public offering (IPO) euphoria didn't last long. The company's second-quarter results, released earlier this month, didn't help matters either. A tepid outlook and signs of slowing growth led some investors to press the panic button.
However, analysts still seem upbeat about Figma stock's trajectory in the coming year and expect it to regain its mojo.
Source Fool.com
