Bernstein lists Figure (FIGR) as "Top Pick Stock" for 2026, with the target price raised to $72
BlockBeats News, January 13th. Analysts from research and brokerage firm Bernstein have raised the target stock price of Figure Technology Solutions (ticker: FIGR) from $54 to $72 and designated it as a "Top Pick for 2026." The analysts noted that the company's tokenized lending market growth has exceeded expectations, and operational leverage continues to improve. The new target price implies a potential upside of about 38% from the stock's Monday closing price of $52.23. Since initiating coverage in October last year, Bernstein has consistently rated the stock as "Outperform."
In a client report released on Tuesday, January 14th, an analyst team led by Gautam Chhugani highlighted that blockchain-based lending institution Figure is well positioned under a more defined regulatory framework driven by banking transformation and the proposed U.S. "Crypto Bill" (a proposed cryptocurrency market structure bill). The report stated that Figure, through blockchain infrastructure, is replacing the traditional banking ledger system, and its tokenized equity business has long-term growth potential.
Bernstein stated that Figure's performance has exceeded its originally "quite optimistic" expectations due to a partner-driven market model and the expansion into new loan categories. The total size of the consumer lending market reached approximately $2.7 billion in the fourth quarter, with the credit volume processed by Figure Connect, the tokenized lending platform, accounting for about 46% compared to the previous quarter.
The report particularly emphasized that Figure is actively expanding into new products such as debt paydown coverage loans, small business loans, and cryptocurrency-backed loans on top of its core HELOC business. The company also plans to launch a tokenized equity platform to create a secondary market by tokenizing its equity. Analysts believe the equity business is a long-term "strategic option" rather than a short-term revenue driver.
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