Jim Cramer Says Figma (FIG)’s P/E Multiple Means You Better “Blow Out The Quarter,” After Shares Dipped By 19%

We recently published 11 Stocks Jim Cramer Discussed As He Said Apple’s CEO Is A “Pawn”. Figma, Inc. (NYSE:FIG) is one of the stocks Jim Cramer recently discussed.

Figma, Inc. (NYSE:FIG) is a software company that allows users to use a web browser-based platform to design AI products and services. It is one of the newest listings on the market, and the shares have lost 53% since their listing at July end. Soon after the IPO, Figma, Inc. (NYSE:FIG)’s shares tanked by 35% as investors sought to lock in their gains. More recently, the stock fell by 19.9% in September after the firm’s first post-IPO earnings report saw meek revenue, EPS, and full-year revenue beats. Cramer agrees that Figma, Inc. (NYSE:FIG) had a lot to prove:

“[On first report since IPO not well received] Figna by the way. . .when you’re at 180 times earnings you better blow out the quarter. And they did not, they did a little bit less.”

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Here are his previous thoughts about Figma, Inc. (NYSE:FIG) on the day the shares started to trade:

“It is expensive at 33 versus where Adobe tried to buy it.

While we acknowledge the potential of FIG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, 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.