---
title: "Brokerages initiate coverage on Figure Technology as quiet period ends"
description: "Brokerages have initiated coverage on Figure Technology following the end of the research quiet period, with eight firms giving largely bullish ratings. Shares rose nearly 6% to about $42.7 after debu"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/260071479.md"
published_at: "2025-10-06T15:09:10.000Z"
---

# Brokerages initiate coverage on Figure Technology as quiet period ends

> Brokerages have initiated coverage on Figure Technology following the end of the research quiet period, with eight firms giving largely bullish ratings. Shares rose nearly 6% to about $42.7 after debuting at $36 on the NYSE, valuing the company at $7.62 billion. Analysts highlight Figure's dominance in tokenized private credit and its innovative loan origination system. Ratings and price targets include Bernstein (Outperform, $54), Needham (Buy, $51), and BofA (Neutral, $41).

\*\* Shares of blockchain lender Figure Technology rise nearly 6% to about $42.7 in early trading

\*\* At least eight brokerages initiate coverage with largely bullish ratings as research quiet period ends

\*\* Company secured valuation of $7.62 bln after shares opened at $36 in NYSE debut vs IPO price of $25

\*\* "FIGR is solely responsible for 3/4ths of all global tokenized private credit assets and is originating ~$1 bln of home equity loans per quarter via its proprietary loan origination system," Piper Sandler says

\*\* Bernstein says co brings the liquidity of blockchain capital markets to consumer loans, transforming a 'balance sheet heavy' lending model to a 'capital light' marketplace business

\*\* Needham says it expects co to continue to focus on expanding its product suite in areas such as stablecoins, democratized prime, and the company's crypto exchange

\*\* "FIGR is a first-mover in tokenizing Real-World Assets and holds >70% market share of tokenized private credit," BofA says

\*\* Following are the ratings, PTs:

Brokerage

Rating

PT

Bernstein

Outperform

$54

Needham

Buy

$51

Mizuho

Outperform

$47

Jefferies

Hold

$40

Piper Sandler

Overweight

$50

BofA

Neutral

$41

KBW

Outperform

$48.5

Goldman Sachs

Buy

$42

### Related Stocks

- [FIGR.US - Figure Tech Solutions - CL](https://longbridge.com/en/quote/FIGR.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Figure Technology Solutions Announces Launch of Secondary Offering of Blockchain-Native Common Stock \| FIGR Stock News | Figure Technology Solutions, Inc. (Nasdaq: FIGR) has announced a secondary public offering of up to 4,230,000 shares of  | [Link](https://longbridge.com/en/news/275921325.md) |
| Fintech lending giant Figure confirms data breach | Figure Technology, a blockchain-based lending company, confirmed a data breach caused by a social engineering attack tha | [Link](https://longbridge.com/en/news/275944001.md) |
| Cannell Capital Withdraws Director Nominations for Lee Enterprises | Pleiades Partners LLC, an affiliate of Cannell Capital LLC, has withdrawn its director nominations for Lee Enterprises'  | [Link](https://longbridge.com/en/news/275736453.md) |
| BUZZ-Brokerages initiate coverage on Figure Technology as quiet period ends | Brokerages have initiated coverage on Figure Technologyfollowing the end of the research quiet period, with five firms i | [Link](https://longbridge.com/en/news/260050562.md) |
| BUZZ-Mizuho raises price target on blockchain lender Figure | Mizuho has raised the price target for blockchain lender Figure Technology Solutionsto $56, citing rapid growth, strong  | [Link](https://longbridge.com/en/news/266214254.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.