Bernstein maintained an Outperform rating on Figure Technology Solutions Inc. (Nasdaq: FIGR) with a $67 price target, implying more than 100% upside from the stock’s current trading range near $31 to $32.
Key Takeaways:
Bernstein maintained an Outperform rating on FIGR with a $67 price target, implying more than a 100% upside from ~$31 to $32 range. Figure Technology Solutions reported Q1 2026 originations of $2.9 billion, more than double year-over-year, with monthly volumes crossing $1 billion in March 2026. Figure Connect is projected to handle 56% of total loan volumes in 2026, as FIGR holds ~75% market share in the $17 billion tokenized private credit market. FIGR Stock Analysis: Bernstein’s $67 Price Target and What It Means for Figure Technology InvestorsOrigination volumes have climbed steadily. Bernstein noted that monthly loan volumes crossed $1 billion for the first time in March 2026, reaching $1.2 billion, up 33% month-over-month. Q1 2026 originations totaled $2.9 billion, more than double the same period a year earlier, putting the company on a roughly $12 billion annualized run rate.
Revenue grew 48% over the trailing 12 months as of the March note. Bernstein projects a 48% EBITDA compound annual growth rate from 2025 through 2027, applying a 25x EV/2027 EBITDA valuation multiple to arrive at the $67 target.
FIGR shares have traded in the $31 to $34 range in early April 2026, down roughly 24% year-to-date and approximately 60% from their 52-week high.
