$Figma(FIG.US) rose +12%, with a strong short squeeze flavor—shorts account for 42.4% of the float, Citizens just added 160,000 new shares, BofA and Citi gave buy ratings with target prices of $30-36, and AI is the core of their bullish view. It's actually still down over 30% year-to-date. This kind of rebound, driven by high short interest and institutional buying back, has great elasticity, but its sustainability depends on whether the fundamentals can catch up.
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