Needham cuts Figure Technology stock price target on valuation
Needham reduced its price target for Figure Technology (FIGR) to $50 from $55 but kept a Buy rating. The company's Q3 results exceeded expectations, with revenue growth of 103% over the last year. FIGR added New York Life and Nationwide as funding partners and increased its share repurchase authorization to $400 million. The stock is trading at $25.67, below Needham's revised target.


