$FGRS

Figure Technology Solutions postponed a $346M residential mortgage-backed security due to weak investor demand. Freddie Mac and Bridge Investment Group also delayed bond sales. Investors seek higher yields amid rising Treasury yields and concerns over borrower payments. Figure's offering was backed by 4,101 mortgage loans, with a AAA-rated tranche offered at a 1.55% spread over the benchmark.

Freedom Capital Markets initiated coverage of Figure Technology with a Buy rating and $40 price target, implying 59.7% upside from Oct 14 close. The company reported 132% YoY revenue growth in Consumer Loan Marketplace to $4.3B in 2Q26, driven by its blockchain platform. Figure's shift to a capital-light model is expected to boost adjusted EBITDA margins to 56% by FY28, according to the analyst.

Needham reiterated a Buy rating and $55 price target for Figure Technology (FIGR), citing strong loan growth and organic metrics. The company reported $1.783 billion in loan volume for September, up 104% year-over-year. Other analysts have mixed views, with BofA Securities upgrading to Neutral and Aletheia Capital initiating coverage with a Buy rating. FIGR trades at $27.35, below analyst targets.

Figure Technology reported Q3 2026 consumer loan marketplace volume of $5.119B, a 107% year-over-year increase, meeting the high end of its guidance range.

Figure Technology reported Q3 2026 consumer loan volume of $5.1B, up 20% QoQ and 107% YoY, exceeding guidance. September volume was $1.8B, up 9% MoM. $YLDS in circulation rose 13% to $504M. Democratized Prime platform saw matched offers balance increase 50% QoQ to $588M. Results are preliminary and subject to change.

Figure Technology Solutions reported preliminary September and Q3 2026 operating data, exceeding its guidance range. Consumer Loan Marketplace Volume reached $5.119B for Q3, up 20% from Q2 and 107% year-over-year. The company also provided updates on $YLDS in circulation, Matched Offers Balance, Borrower Demand, and Available Lender Supply. Kiavi's contribution post-merger will be included in Q3 2026 financial results.

Figure Technology Solutions' average stock price target was reduced from $52.8 to $52.3 by 10 analysts, with a range of $38 to $70. This implies an 83% upside from the Oct. 2 closing price. The consensus rating remains 'Buy' with 8 Buys, 2 Holds, and 0 Sells.

BofA Securities lowered its price target for Figure Technology (FIGR) to $44 from $49, citing lower loan volumes and reduced earnings estimates. The new target implies a 54% upside from the current stock price of $28.53. The firm also cut its 2026, 2027, and 2028 earnings per share estimates. The stock trades at a P/E ratio of 43, and InvestingPro analysis suggests it is undervalued. BofA maintained a Neutral rating.

TD Cowen reports limited U.S. demand for tokenized stocks due to existing efficient markets and operational complexities. The SEC's five-year exemption allows tokenized trading of NMS stocks, but issuers and investors show little interest. Figure's tokenized shares saw minimal trading compared to its Nasdaq-listed stock. Perpetual futures show stronger demand than spot stock tokens, with platforms like Coinbase planning to offer them.

Figure Technology Solutions (FIGR) partnered with Sierra to deploy an AI agent aimed at increasing the completion rate of home equity loan applications. The agent, built on Sierra's Horizon platform, improved loan conversion rates by 30-52% in a pilot program. Figure reported strong Q2 2026 growth with $4.3B in loan volume and $226M in revenue, but noted risks including a declining net take rate and market dependence on HELOC and home values.