Figure Technology rises on Needham's PT and EPS forecast upgrade

Figure Technology Solutions

16/01/2026 15:29

** Shares of blockchain lender Figure Technology Solutions FIGR.O rise 9.77% to $71.26

** Needham raises FIGR's target price to $71 from $51

** Raises 2026 EPS forecast to 73 cents from 62 cents and 2027 forecast to $1 from 90 cents

** Brokerage expects co's Home Equity Lines of Credit activity to remain strong and potentially increase

** "Consumer loan marketplace volumes came in well above our prior estimates for Q4" - brokerage on estimate upgrade

** Including session moves, stock has almost doubled since its debut in September

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(Reporting by Megha Anilkumar Nair)

((MeghaAnilkumar.Nair@thomsonreuters.com;))