Figure Stock Receives Mixed Analyst Ratings as KBW Bullish vs BofA Neutral Outlook

Wall Street analysts show divided opinions on Figure Technologies (FIGR) as the blockchain fintech expands beyond home equity lending. KBW initiated coverage with "outperform" rating and $48.50 target, highlighting Figure's 73% dominance in tokenized private credit markets. Meanwhile, Bank of America issued "neutral" rating with $41 target, citing regulatory and execution risks. Founded by ex-SoFi CEO Mike Cagney, Figure has gained 12% since September IPO through its blockchain-based lending platform that tokenizes HELOCs and connects borrowers with investors. Bernstein also endorsed Figure with $54 target, comparing its lending innovation to stablecoins' payment revolution.