Figure (FIGR) Stock Jumps as Druckenmiller Invests $77M, Analysts Raise Price Targets
CoinDesk
Figure Technologies' stock surged after Stanley Druckenmiller disclosed a $77 million investment, supported by analysts raising price targets.Summary
Shares of Figure Technologies (FIGR) jumped significantly after billionaire investor Stanley Druckenmiller revealed a new stake worth approximately $77 million, acquired during the third quarter. This investment, representing 1.9% of his portfolio, signals growing institutional interest in the blockchain-focused lending platform. Furthermore, analysts from Bank of America, Mizhou, and Piper Sandler have raised their price targets for Figure, citing the company's successful transition to a "capital-light" lending model centered on home equity lines of credit (HELOCs). Mizhou analyst Dan Dolev also highlighted Figure's new stablecoin, YLDS, launched on its Provenance blockchain, as a key differentiator in attracting capital.
(Source：CoinDesk)