Figma (NYSE: FIG) had a highly anticipated IPO, gaining nearly 158% on its first day of trading. Despite a subsequent 55% drop, the stock may still be an attractive opportunity for investors.

Figma’s unique product in the digital design market has excited investors, offering a platform that simplifies collaboration between creative and coding teams in real time. With a $33 billion total addressable market, Figma’s revenue potential remains largely untapped.

After releasing its first earnings report, Figma’s sales grew by 41% in Q2, beating analyst expectations slightly. The company posted positive operating margins and strong customer retention rates, with a healthy liquidity position.

Adobe’s attempted purchase price of Figma in 2022 suggests that the stock may be attractively valued, especially considering Figma’s strong revenue growth since then. With Figma’s potential for continued growth and solid financial position, shares could perform well in the future.

Read more at Nasdaq: Should You Buy Figma Stock After Its 55% Post-IPO Drop?