Should I Buy Figma (FIG)? Finance YouTuber Analysis

Figma, a collaboration tool, is now trading below the $20 billion Adobe acquisition offer, making it potentially undervalued. Despite currently losing money, it shows strong growth (45% CAGR) and positive KPIs like a 131% net dollar retention rate and increasing numbers of high-value customers. The analyst views it as a valuable platform for design and AI, but is waiting for a further price drop to $15-20 per share to justify the high valuation (20x sales).

“I don't know if I want to pay $35 per share, but if we get it for $20 per share, $15 per share, that sounds crazy.”

This creator states that Figma's fair value is around $12 billion, corresponding to a share price of $20, based on assumptions of 26% operating margins, 30% CAGR for five years, and a medium-low risk score. He plans to open a position only if post-IPO volatility pushes the price below $20, as the IPO is priced higher and initial trading is expected to be volatile.

“My plan is simple. I will not be participating in the IPO nor I will buy if the share price is $3540. However, I will be ready to open a position if the post IPO volatility pushes prices under $20.”