Figure Technology Solutions (NASDAQ:FIGR) Price Target Raised to $58.00

Figure Technology Solutions (NASDAQ:FIGR) had its price objective boosted by The Goldman Sachs Group from $51.00 to $58.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Mizuho raised their price target on shares of Figure Technology Solutions from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $51.00 price target on shares of Figure Technology Solutions in a research report on Monday, November 17th. Keefe, Bruyette & Woods increased their target price on Figure Technology Solutions from $52.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Piper Sandler increased their target price on shares of Figure Technology Solutions from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Finally, Sanford C. Bernstein lifted their price target on shares of Figure Technology Solutions from $54.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.63.

Figure Technology Solutions Trading Up 15.8%

NASDAQ:FIGR opened at $64.66 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.26 and a quick ratio of 2.26. The company’s 50-day simple moving average is $42.31. Figure Technology Solutions has a twelve month low of $30.01 and a twelve month high of $64.98. The stock has a market cap of $11.39 billion and a P/E ratio of 190.18.

Figure Technology Solutions (NASDAQ:FIGR) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.18. The business had revenue of $156.03 million during the quarter.

Insiders Place Their Bets

In other Figure Technology Solutions news, Director June Ou sold 200,058 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $39.40, for a total value of $7,882,285.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Scott Cagney sold 200,058 shares of Figure Technology Solutions stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $39.40, for a total transaction of $7,882,285.20. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 3,344,073 shares of company stock valued at $123,816,526.

Institutional Investors Weigh In On Figure Technology Solutions

A number of large investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new position in Figure Technology Solutions in the 3rd quarter valued at about $5,963,000. CWA Asset Management Group LLC acquired a new position in shares of Figure Technology Solutions in the third quarter worth about $1,412,000. Voya Investment Management LLC purchased a new position in Figure Technology Solutions in the third quarter valued at about $721,000. Jain Global LLC acquired a new stake in Figure Technology Solutions during the 3rd quarter valued at approximately $3,324,000. Finally, Holocene Advisors LP purchased a new stake in Figure Technology Solutions during the 3rd quarter worth approximately $5,961,000.

Figure Technology Solutions News Summary

Here are the key news stories impacting Figure Technology Solutions this week:

• Positive Sentiment: Figure announced the On-Chain Public Equity Network (OPEN), a blockchain-native listing framework that lets companies register equity directly on Provenance blockchain — a structural product launch that can open new revenue streams and disintermediate traditional custodial/DTCC processes. Figure Announces the On-chain Public Equity Network (OPEN)
• Positive Sentiment: Reports detail Figure’s new on-chain stock lending platform and direct blockchain trading capability — moves that could expand fee revenue and reduce counterparty frictions for institutional counterparties. Figure Technology unveils blockchain platform for direct stock lending: Report
• Positive Sentiment: Piper Sandler raised its price target to $75 and kept an “overweight” rating, providing momentum and a higher valuation reference for investors. Piper Sandler price target raise
• Positive Sentiment: Sanford C. Bernstein published a bullish forecast calling for strong price appreciation, adding further institutional support to the buy-side narrative. Sanford C. Bernstein Forecasts Strong Price Appreciation for Figure Technology Solutions (NASDAQ:FIGR) Stock
• Positive Sentiment: Goldman Sachs reiterated a Buy on FIGR, which reinforces confidence from a major Wall Street firm and likely supports demand for the shares. Goldman Sachs Remains a Buy on Figure Technology Solutions, Inc. Class A (FIGR)
• Positive Sentiment: Company updates and coverage note steady loan origination volumes and business growth, supporting the argument that product launches sit on improving core fundamentals. Figure Technology Solutions Reports Steady Loan Origination Volume and Business Growth
• Positive Sentiment: Recent analyst activity and upgrades have already triggered price moves (coverage noted a 7.2% intraday rise tied to an upgrade), generating momentum and higher trading volume. Figure Technology Solutions (NASDAQ:FIGR) Stock Price Up 7.2% on Analyst Upgrade
• Neutral Sentiment: Consensus analyst view is an average “Moderate Buy,” which supports continued interest but indicates not all analysts are uniformly bullish. Figure Technology Solutions, Inc. (NASDAQ:FIGR) Given Average Recommendation of “Moderate Buy” by Analysts
• Neutral Sentiment: Coverage pieces (e.g., Blockonomi) emphasize the strategic narrative of cutting out traditional intermediaries; useful for investor context but largely reiterative of the OPEN and lending announcements. Figure Technology (FIGR) Stock: Cuts Wall Street Out with Direct Blockchain Trading

Figure Technology Solutions Company Profile

Figure is building the future of capital markets using blockchain-based technology. Figure’s proprietary technology powers next-generation lending, trading and investing activities in areas such as consumer credit and digital assets. Our application of the blockchain ledger allows us to better serve our end-customers, improve speed and efficiency, and enhance standardization and liquidity. Using our technology, we continue to develop dynamic, vertically-integrated marketplaces across the approximately $2 trillion consumer credit market and the rapidly growing approximately $4 trillion cryptocurrency and digital asset market.