$FIG Figma Will Break ATH. Here’s Why.
This is actually an insanely valuable company.
You’d be surprised how many schools, universities and institutions use Figma as their default design and collaboration platform. Once people learn it, they tend to keep using it professionally.
There’s a reason Adobe tried to acquire Figma. It wasn’t just buying a competitor, it was trying to acquire one of the strongest products in the design software space.
Price action has also been impressive. Dips are getting bought aggressively, and every push higher has sliced through resistance like melted butter.
The only thing giving me pause is the AI bubble narrative.
I’m not saying we’re in an AI bubble. I’m simply saying that’s the narrative in the market right now.
That said, I still lean towards money rotating out of chips and storage into software, while the market also continues rewarding good old-fashioned businesses with strong fundamentals.
Bold call: I think Figma breaks its all-time high.
I have dry powder ready if an opportunity presents itself.
What’s your take? Bullish or bearish on Figma?
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