Figure Technology (FIGR) Stock: BofA Flips Bullish After 132% Volume Growth

TLDR

• BofA Securities upgraded FIGR from Underperform to Neutral, raising its price target from $31 to $49
• The stock rose as much as 5.32% on the news, opening at $38.26
• Figure Connect delivered 132% year-over-year volume growth in Q2 2026, now making up 65% of total volumes
• The company added 102 partners in Q2, growing its partner base 26% quarter-over-quarter
• Consensus rating sits at “Moderate Buy” with an average price target of $50.62

Figure Technology Solutions (FIGR) got a boost Wednesday after BofA Securities analyst Craig Siegenthaler upgraded the stock from Underperform to Neutral. His new price target is $49, up sharply from $31. The stock climbed as much as 5.32% in trading, opening at $38.26.

Figure Technology Solutions, Inc. Class A Common Stock, FIGR

Siegenthaler credited stronger momentum at Figure Connect, the company’s blockchain-native loan marketplace, as the key reason behind the shift. BofA raised its price target multiple to 25x from 17.5x, citing an improved revenue growth outlook through 2028.

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