BlockBeats news: On January 13, analysts from research and brokerage firm Bernstein raised their price target for Figure Technology Solutions (stock code: FIGR) from $54 to $72 and listed it as a "top pick" for 2026. The analysts noted that the company's tokenized credit market has grown beyond expectations, with continued improvement in operating leverage. The new target price implies approximately 38% potential upside from the stock's closing price of $52.23 on Monday. Since initiating coverage in October last year, Bernstein has consistently given the stock an "outperform" rating.
In a client report released on Tuesday (January 14), an analyst team led by Gautam Chhugani highlighted that blockchain-based lender Figure is well-positioned to benefit from the transformation of the banking industry and a clearer regulatory framework under the proposed U.S. Clarity Act (a proposed cryptocurrency market structure bill). The report noted that Figure's tokenized equity business has long-term growth potential as it replaces traditional banking ledger systems with blockchain infrastructure.
Bernstein stated that Figure's performance has already exceeded the "quite optimistic" expectations, driven by a partner-led market model and the expansion of new loan categories. The total size of its consumer loan market reached approximately $2.7 billion in the fourth quarter, with the tokenized credit platform Figure Connect accounting for about 46% of the credit volume from the previous quarter.
The report specifically highlighted that Figure is actively expanding into new products such as debt repayment coverage loans, small business loans, and cryptocurrency-secured loans, building on its core HELOC (Home Equity Line of Credit) business. The company also plans to establish a tokenized equity platform to create a secondary market by tokenizing its own equity. Analysts believe that the equity business is a long-term "strategic option" rather than a short-term revenue driver.