Jim Cramer Says "Figma is a Great Company"

Figma, Inc. (NYSE:FIG) is one of the stocks Jim Cramer talked about. Cramer discussed the stock’s strong gains post-IPO and its decline. He said:

“Let’s talk one that I was really flagging to you, as I didn’t want you in. It’s called Figma, that’s the design software company that came public at the end of July. Figma is a great company, but when I covered the story just a couple of days ahead of the IPO, I told you I was worried that the deal might be too hot. Sure enough, Figma soared from an offer price of $33 to an absurd high of $142 and change on just its second day of trading. I was so upset… Since then, Figma stock has been eviscerated, falling more than 60% from its high to the low 50s today. When they reported their first quarter as a publicly traded company last week, the numbers were actually pretty good, but the stock plunged 20% the next day simply because it never should have been that high in the first place.”

Figma, Inc. (NYSE:FIG) provides a browser-based platform for collaborative interface design, prototyping, and team workflows through different tools.

While we acknowledge the potential of FIG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.