Figure Technologies stock target raised to $72, blockchain lending business becomes growth engine

【Blockchain Rhythm】Figure Technologies (Stock Code: FIGR) recently received positive news. The research firm Bernstein’s analysis team raised its target stock price from $54 to $72 and also listed it as a “Top Pick” for 2026. This means there is approximately a 38% upside potential from Monday’s closing price of $52.23. Since tracking this company in October last year, Bernstein has consistently given a “market outperform” rating.

Analyst Gautam Chhugani’s team stated in a client report released on Tuesday that Figure, as a blockchain-based lending institution, has clear advantages amid the current banking industry transformation and the new regulatory framework for the US crypto market. The company uses blockchain infrastructure to replace traditional banking ledgers, which has long-term growth potential in tokenized equity business.

Data speaks—In Q4 last year, Figure’s consumer loan market size reached $2.7 billion. Among them, the tokenized credit platform Figure Connect accounted for about 46% of the credit volume, indicating that market acceptance of tokenization is rapidly increasing. The performance has already exceeded Bernstein’s previously “quite optimistic” expectations.

Even more noteworthy is product line expansion. Figure is not only involved in HELOC (Home Equity Line of Credit) but is also developing new categories such as debt repayment coverage loans, small and micro enterprise loans, and crypto asset-backed loans. The company even plans to launch a tokenized equity platform to build a secondary market. Analysts believe that while equity business is a “strategic option,” it represents the company’s long-term ambitions, not just short-term revenue drivers.