Trading at ~$93, which is slightly above the “bottom” of your $90 range. Not much downside left unless something shifts dramatically. Let’s compare this with IPO standouts Figma and Bullish to help you decide which one might give you the best opportunity to catch or ride a dip.
Figma (Ticker: $Figma(FIG)$ )
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IPO performance: Went public on July 31, 2025 at $33, rocketing to $115.50 that day and peaking around $142.92 the next day.
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Recent price action: As of August 20, it closed at $74.04, and today trades around $72.60.
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Analyst view: Piper Sandler initiated coverage with an Overweight rating and set a $85 target, suggesting ~15–20% upside from current levels.
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Risks: Highly volatile ~40% drop from peak lock-up period ending may add selling pressure, and it's still unprofitable despite high revenue growth.
Verdict: If you're aiming for a rebound in a growth/AI-driven IPO, Figma could offer good upside but only if you're prepared for wild swings.
Bullish (Ticker: $Bullish(BLSH)$ )
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IPO details: Priced at $37 on August 13, 2025, opened trading much higher $90 to $102 in early trades then settled near $68 by market close.
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Market sentiment: Has continued to rally, with some sources noting gains of 84–90% and sustained investor excitement.
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Cautionary tone: Despite momentum, analysts warn most IPOs like this fade past initial hype, especially after lock-up expirations.
Verdict: Bullish is moonshot-style volatility high immediate gains, but substantial risk ahead. If you're prone to FOMO and want adrenaline, this has it but patience may pay later.
CoreWeave (Ticker: $CoreWeave, Inc.(CRWV)$ )
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Current status: Trading around $93, hugging the bottom of your referenced $90 level.
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Business fundamentals: CoreWeave hasn’t recently IPO’d; instead, it’s been rallying on its GPU-heavy infrastructure demand (AI-related) a more established business model than either Figma or Bullish.
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Volatility: Likely lower than the IPO darlings but still exposed to tech cycle shifts and broader AI infrastructure demand.
Verdict: CoreWeave looks like a conservative, more grounded way to play the AI/infrastructure theme less explosive upside but more predictable.
Quick Comparison Table
My Take & Strategy Ideas
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If you're scared of missing out and comfortable with volatility, Figma might still have more room up and is already being supported by analysts.
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If you're strictly chasing moonshots, you might still catch Bullish in the hype but that comes with a big caution flag.
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For a measured, theme-based approach, CoreWeave offers grounded exposure to AI infrastructure with less speculative risk.
Strategy Ideas
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Figma (FIG): Consider small-scale entries around current levels ($70–75), adding more if it confirms a rebound.
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Bullish (BLSH): Might wait for dip/breakdown post-lock-up or test lower support levels.
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CoreWeave (CRWV): Could be used as a core holding for AI exposure, with the possibility to average down near ~$90 if there's a pullback.
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Disclaimer: This article is provided for informational purposes only and does not constitute financial, investment, legal, or tax advice, nor the solicitation of any offer to buy or sell securities. The views expressed are those of the author and do not account for individual financial circumstances. Investing involves risk, including the potential loss of principal. Past performance is not indicative of future results. You alone are responsible for any investment decisions; consider seeking advice from a qualified financial advisor before acting.
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