Is Figma the Next Hot Tech Stock to Own?

Figma (NYSE: FIG) went public last month, and many investors were eager to buy it right away. The company provides software for design and website creation. It's ideal for collaborating on projects. Back in 2022, Adobe (NASDAQ: ADBE) announced plans to acquire Figma for $20 billion, as it saw the business as a big part of its long-term growth. Regulatory hurdles, however, led to the deal being abandoned.Now, anyone can invest in Figma. And after the first few days of trading, the stock looked to be in high demand, hitting a high of just under $143 on Aug. 1 after opening at $85 the previous day. But since then, the stock has been sliding, as investors appear to be growing worried about its rapidly rising valuation.Are the concerns about Figma's valuation justified, or is the market simply taking a breather from a hot start? Here are the bullish and bearish cases for investing in Figma today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool