According to BlockBeats, on January 13, analysts from research and brokerage firm Bernstein increased the target stock price for Figure Technology Solutions (FIGR) from $54 to $72, designating it as a 'top recommended stock' for 2026. The analysts highlighted the company's tokenized credit market growth exceeding expectations and ongoing improvements in operational leverage. The new target price suggests a potential 38% increase from the stock's closing price of $52.23 on Monday. Bernstein has consistently rated the stock as 'outperform' since initiating coverage last October.
In a client report released on Tuesday, January 14, led by analyst Gautam Chhugani, the team noted that blockchain-based lending institution Figure stands out amid banking industry transformations and the clearer regulatory framework proposed by the U.S. 'Clear Act,' a draft bill for crypto market structure. The report states that Figure replaces traditional banking ledger systems with blockchain infrastructure, offering long-term growth potential in its tokenized equity business.
Bernstein indicated that Figure's performance has surpassed its originally 'quite optimistic' expectations, driven by a partner-led market model and expansion into new loan categories. The total consumer loan market reached approximately $2.7 billion in the fourth quarter, with the tokenized credit platform Figure Connect processing about 46% of the credit volume from the previous quarter.
The report emphasized that Figure is actively expanding its core HELOC business by introducing new products such as debt coverage loans, small business loans, and crypto asset-backed loans. The company also plans to tokenize its equity to launch a tokenized equity platform for secondary market development. Analysts view the equity business as a long-term 'strategic option' rather than a short-term revenue driver.