Figure Is a Blockchain Pioneer in Credit Markets, Says Bernstein, Initiating at Outperform
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最新报道：Bernstein initiated coverage of Figure (FIGR) with an outperform rating and a $54 price target, citing its leadership in blockchain-based credit markets. The stock rose 2% to around $41.10. Figure dominates 75% of the $17 billion tokenized private credit market, shifting lending to a capital-light model. With $5.1 billion in 2024 originations, Bernstein projects revenue growing from $341 million in 2024 to $754 million by 2027, driven by expansion beyond home equity lines. The company went public last month at $25 per share, valuing it at $787.5 million.
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