Is it possible in v7.* to have conditional string formatting in the table panel?

I would like to highlight and color text based on its value ie
“First” = Red
“Second” = Blue
“Third” = Green

the only way I can find and think of now is adding another column and mapping the strings to numerical values. I don’t really want to do it that way, is it possible to have conditional formatting based on the text itself?

Thanks!

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