Figure's Price Target Slashed to $67 as Monthly Loan Origination Tops $1 Billion
Bernstein cut its price target on Figure Technology Solutions from $72 to $67 while maintaining an Outperform rating as FIGR shares trade roughly 60% below their 2025 peaks. Figure reported $1 billion in monthly loan origination in March and is expanding tokenized lending into auto loans, small business and equities.
1. Analyst Price Target Reduction
Bernstein analysts cut Figure's price target from $72 to $67 while keeping an Outperform rating as shares trade about 60% below their 2025 peak.
2. Loan Origination Milestone
Figure crossed $1 billion in monthly loan origination in March, driven by its blockchain tokenization platform and home equity line of credit operations.
3. Business Expansion and Outlook
The company is diversifying beyond HELOCs into auto loans, small business lending and tokenized equities to broaden its revenue base and reduce crypto exposure.