Figma & Bullish Bounce Back: CoreWeave Dips to $90—Which IPO to Scoop Up?
$Figma(FIG)$ $Bullish(BLSH)$ $CoreWeave, Inc.(CRWV)$ The IPO landscape is buzzing with drama as Figma and Bullish rebound from recent slumps, while CoreWeave plunges amid earnings woes. Figma, trading at $73 after a post-IPO swoon, shows signs of stabilization with its design software dominance, while Bullish at $70 boasts a 90% debut gain as a crypto exchange powerhouse. CoreWeave, now at $90 after a 20% tank on Q2 results, faces lock-up fears despite strong revenue growth. With the S&P 500 at 6,466.58, Nasdaq at 21,713.14, and Bitcoin at $124,002, the market's bullish vibe contrasts with tariff pressures (30% on EU/Mexico, 35% on Canada) and oil at $75/barrel. The VIX at 14.49 hints at calm, but August's volatility could strike. Is this a bottoming opportunity for these IPO stars, or a trap? This in-depth analysis explores their trajectories, risks, and strategies to pick your winner.
IPO Rebound Rundown: Figma and Bullish Shine
Figma and Bullish are rebounding from dips, offering potential buys:
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Figma (FIG): At $73, down from its $85 IPO open but up 5% from yesterday's low, Figma's Q1 revenue hit $228.2 million (up 46% YoY), with net income tripling to $44.9 million. Its AI tools like Figma Make are driving user growth, with 95% of Fortune 500 companies on board. Analysts see a $40 downside if growth slows, but a $185 target (153% upside) if design dominance holds.
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Bullish (BLSH): At $70, up 90% from its $31 IPO price, Bullish's Q1 revenue reached $645.7 million (up 48% YoY), with a $990 million raise boosting its $10 billion market cap. Its retail-friendly 20% allocation and crypto ties make it a momentum play, with a $100 target (43% upside) if Bitcoin surges.
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CoreWeave (CRWV): Dipping to $90 after a 20% post-earnings drop, CoreWeave's Q2 revenue soared to $1.21 billion (up 210.3% YoY), but a 2% margin and -$0.83 EPS miss fueled the sell-off. Lock-up expiry (84% shares) on August 15 adds pressure, with analysts targeting $100-$185 (11-106% upside) if AI cloud demand rebounds.
Posts found on X reflect split sentiment: Figma's "AI edge" excites, Bullish's "crypto rocket" draws bulls, but CoreWeave's "margin mess" raises flags.
Market Forces: Rebound Fuel or Overhype Risk?
Figma IPO sketches case for direct listings
The broader backdrop is a mixed bag:
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Tech Recovery: The Nasdaq’s 21,713.14 high and Nvidia’s $141.20 hold steady, supporting IPOs like Figma (up 5% from $69) and Bullish (up 90% debut), but CoreWeave’s plunge aligns with AI skepticism from MIT's zero ROI report.
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Tariff Tension: The 30-35% tariffs on key markets could raise costs for Figma's enterprise software and CoreWeave's data centers, with Prism Capital’s 0.9% GDP cut forecast adding caution.
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Technical Signals: Figma’s RSI at 55 and support at $70 suggest stabilization, with resistance at $80; Bullish at $70 has support at $65 and resistance at $75; CoreWeave’s RSI at 42 signals oversold, with support at $90 and resistance at $100.
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Valuation Debate: Figma’s 37x P/S and CoreWeave’s 50x exceed peers, sparking debate on sustainability, while Bullish’s $10 billion cap aligns with crypto growth cycles.
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Sentiment Split: Optimism on X touts Figma’s “design revolution” and Bullish’s “retail-friendly crypto,” but CoreWeave’s “earnings flop” draws bearish calls.
The rebound's strength depends on execution and macro stability.
Bottom Which IPO? The Week’s Outlook for August 20-22
Which stock offers the best bottom?
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Figma Bull Case: At $73, a 5-10% rise to $77-$80 is feasible this week if $70 holds, with a 12-month target of $185 (153% upside) if AI tools drive growth.
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Figma Bear Case: A 5-8% dip to $66-$68 risks if $70 breaks, with $60 as a floor if overvaluation concerns mount.
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Bullish Bull Case: At $70, a 5-10% climb to $74-$77 is possible if crypto holds, with $100 (43% upside) by year-end if inflows surge.
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Bullish Bear Case: A 8-12% drop to $64-$62 looms if tariffs hit, with $60 support.
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CoreWeave Bull Case: At $90, a 10-15% rebound to $99-$103 is in play if $90 holds, with $185 (106% upside) if AI demand rebounds.
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CoreWeave Bear Case: A 10-20% slide to $81-$72 risks if lock-up selling persists, with $70 as a deep support.
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Daily Forecast: Figma $74-$78 (Wednesday), $73-$77 (Thursday), $75-$80 (Friday); Bullish $71-$75 (Wednesday), $70-$74 (Thursday), $72-$77 (Friday); CoreWeave $92-$98 (Wednesday), $90-$96 (Thursday), $88-$103 (Friday), per analyst trends.
Figma's stability and CoreWeave's dip offer buy chances, but Bullish's crypto tie adds risk.
Trading Strategies: Seize the Dip or Hedge the Drop
Short-Term Plays
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Figma Dip Buy: Buy at $70-$72, target $77-$80, stop at $68. A 7-11% gain if support holds.
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Bullish Momentum: Buy at $70-$71, target $75-$77, stop at $68. A 7-10% upside if crypto surges.
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CoreWeave Rebound: Buy at $90-$92, target $100-$103, stop at $88. A 9-13% gain if oversold reverses.
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Profit Lock: Sell Figma at $78-$80, target $75-$77, stop at $82. A 3-5% gain if hype fades.
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Options Play: Buy $80 Figma calls or $70 puts, $75 Bullish calls or $65 puts, $100 CoreWeave calls or $85 puts (August expiry) for 150-200% gains on a 10% move.
Long-Term Investments
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Hold Figma: Buy at $70-$72, target $150-$185 by 2026, for 108-157% upside if AI tools shine. Stop at $65.
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Hold Bullish: Buy at $70-$71, target $100-$120, for 43-71% upside if crypto grows. Stop at $65.
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Hold CoreWeave: Buy at $90-$92, target $150-$185, for 63-101% upside if cloud expands. Stop at $85.
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Defensive Pick: Buy PepsiCo at $175-$177, target $190-$195, for 7-11% upside. Stop at $172.
Hedge Strategies
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VIXY ETF: Buy at $14, target $17, stop at $12, to hedge volatility.
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SPY Puts: Use puts at 6,400 for a 5-10% market drop if sentiment sours.
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Gold (GLD): Buy at $200, target $210, stop at $195, for safe-haven play.
My Trading Plan: Capitalizing on IPO Dips
I’m diving into this IPO dip with a strategic mix. I’ll buy Figma at $70-$72, targeting $80, with a $68 stop, betting on its AI edge. I’ll add Bullish at $70-$71, aiming for $75, with a $68 stop, on crypto momentum. I’ll grab CoreWeave at $90-$92, targeting $100, with an $88 stop, on cloud growth. For balance, I’ll pick PepsiCo at $175-$177, targeting $182, with a $172 stop. I’m hedging with VIXY at $14, targeting $16, and holding 20% cash for a drop to $85 (CoreWeave) or tariff news. I’ll monitor earnings and lock-up updates closely.
Key Metrics
The Bigger Picture
Figma’s $73 and Bullish’s $70 rebounds from dips, while CoreWeave’s $90 plunge on earnings and lock-up fears, test investor resolve against a 6,466.58 S&P 500 and $115,000 Bitcoin. A 5-10% rise to $77-$80 (Figma), $74-$77 (Bullish), and $99-$103 (CoreWeave) is possible this week if $70-$90 supports hold, with long-term targets of $150-$185 (108-157%), $100-$120 (43-71%), and $150-$185 (63-101%) by 2026 if growth persists. A 5-8% dip to $66-$68 (Figma), $64-$62 (Bullish), or $81-$72 (CoreWeave) risks if tariffs or selling escalates, with broader market drops to 6,200-6,300 possible. Buy dips, hedge with VIXY or GLD, and watch news. This IPO chaos could be your edge—play it smart.
Which IPO are you bottoming—Figma, Bullish, or CoreWeave? Share your pick below! 🎁
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