Figure Technology Solutions

FIGR · NASDAQ

$25.72+$0.02 (+0.08%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $25.70

FIGR analyst rating

BuyConsensus of 9 analysts over the last 12 months. 89% rate it a buy.

Strong buy0
Buy8
Hold1
Underperform0
Sell0

12-month price target · 10 analysts

Average $56.23 (+118.6% upside)

Low: $45.45
Now: $25.72
High: $73.50

Upgrades and downgrades

The latest rating actions, newest first

FIGR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Freedom Capital Markets	Oct 15, 2026	Initiates	Buy	$40.00	43%
B of A Securities	Sep 9, 2026	Upgrade	Underperform → Neutral	$31.00 → $49.00	55%
Needham	Aug 20, 2026	Maintains	Buy	$55.00	40%
Needham	Aug 14, 2026	Maintains	Buy	$55.00	40%
Bernstein	Aug 6, 2026	Maintains	Outperform	$67.00 → $70.00	44%
Piper Sandler	Jul 15, 2026	Maintains	Overweight	$75.00 → $65.00	60%
Keefe, Bruyette & Woods	Jul 13, 2026	Maintains	Outperform	$55.00 → $45.00	35%
Needham	Jul 8, 2026	Maintains	Buy	$55.00	40%
Mizuho	May 14, 2026	Maintains	Outperform	$45.00 → $55.00	46%
Needham	May 13, 2026	Maintains	Buy	$55.00	40%

The case for and against

Updated Oct 16, 2026

Bull case

Figure Technology is positioned favorably because its blockchain-rail model appears to deliver faster close times, lower fraud risk, and lower origination costs, creating a structural efficiency edge that supports superior margins. Growth is also exceptional, with 2Q marketplace volume of $4.3 billion up 131.8% Y/Y, June volume at $1.519 billion up 155% Y/Y, and 2Q adjusted EBITDA of $119.4 million and GAAP EPS of $0.35 both beating expectations. The pending Kiavi acquisition, expected to close by YE26, could add about $9.2 billion in volume, $345+ million in revenue, and $0.20+ in GAAP EPS to FY27, while emerging products like YLDS, crypto-backed loans, and the crypto exchange add further long-term upside.

Bear case

Figure Technology is vulnerable to a slowdown in HELOC growth if home prices soften or first-lien mortgage activity rises, especially if emerging products fail to scale fast enough to offset the core business. Its exposure to credit deterioration is also a concern, because defaults and delinquencies could reduce demand from funding partners and pressure originations even though it retains only about 5% of originations on balance sheet. As a credit, FinTech, and blockchain company, it also faces macro, geopolitical, and competitive risk, including a challenged moat if rivals adopt blockchain cost savings and a compressed FY27 GAAP P/E multiple near 20x.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.