Bernstein raises Figure price target, names stock its 2026 ‘best idea’ with 38% potential upside
Bernstein increased Figure's price target to $72, naming the stock its 2026 'best idea' due to strong growth.Summary
Bernstein analysts raised their price target for Figure Technology Solutions (FIGR) from $54 to $72, implying about 38% upside from Monday's closing price, and designated the stock as their 2026 "best idea" with an outperform rating. This upgrade is based on faster-than-expected growth in its tokenized credit marketplace, Figure Connect, and improving operating leverage, positioning the blockchain-based lender well amid banking disruption and potential regulatory clarity.
Figure's results have surpassed expectations, driven by its partner-led marketplace model and expansion into new lending categories like debt-service coverage ratio loans and crypto-backed loans. The firm is also planning to launch a tokenized equity platform. Furthermore, its stablecoin, YLDS, saw significant quarter-over-quarter growth, and its Democratized Prime lending marketplace expanded.
Bernstein forecasts substantial revenue growth and expanding adjusted EBITDA margins by 2027, supported by its capital-light model. The $72 price target is based on a blended valuation using 2027 EBITDA and earnings multiples, reflecting confidence in Figure's execution and its benefit from growing demand for blockchain-based credit infrastructure.
(Source：The Block)