Shyon
2025-08-06

After the massive 27% drop, I think $Figma(FIG)$ is still far from being a bargain. A P/S ratio above 50 is hard to justify, especially when it’s generating less than 5% of Adobe’s revenue but commands nearly a third of Adobe’s market cap. To me, that screams overvaluation. Even if the $70 strike put looks tempting, I’d be more comfortable selling puts only if the valuation comes down to a more reasonable level.

Personally, I’d consider selling puts when the stock nears the $50–$55 range, where the P/S ratio drops below 30. That would imply a healthier risk/reward balance and a much more realistic valuation for a company that’s still proving its standalone strength post-Adobe deal cancellation.

As for buying the dip, I’m not rushing in yet. The $41 price tag from Adobe’s failed acquisition still lingers in the back of my mind—that was a $20B valuation, and anything near that level would offer a much more attractive long-term entry.

@Tiger_comments @TigerStars

# ARK Loads Figma After 20% Plunge! Follow or Wait for IPO Pricing?

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  • Bryanboy93
    ·2025-08-06
    Very fair analysis
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    • Shyon: 
      [Cool] [Cool] [Cool]
      2025-08-06
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  • Shyon
    ·2025-08-06
    Glad to know about it
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