Citing Biji.com, Figure Technologies (FIGR) shares surged 15% on Monday after billionaire investor Stanley Druckenmiller disclosed a large new stake in the blockchain-focused lending platform. Druckenmiller, through his firm Duquesne Capital, added over 2.1 million shares in Q3, valued at $77 million, representing 1.9% of his portfolio. Analysts from Bank of America, Mizhou, and Piper Sandler have since raised their price targets, citing Figure's shift to a HELOC-focused, low-capital loan model and its new stablecoin strategy.
Figure Stock Surges 15% After Druckenmiller Invests $77M
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