Figure Analyst Flags Strong Growth and Execution, $400 Million Buyback
Figure Technology Solutions Inc. (NASDAQ:FIGR) shares are trading slightly lower on Friday after the blockchain-native capital marketplace reported better-than-expected third-quarter results on Thursday. On Friday, Needham analyst Kyle Peterson lowered his price target to $50 from $55 while reaffirming a Buy rating, citing broader valuation multiple compression across the digital lending sector.…
On Friday, shares of Figure Technology Solutions Inc. (FIGR) dipped slightly following the blockchain-native capital marketplace's release of third-quarter results on Thursday. Despite this, analyst Kyle Peterson of Needham reiterated a Buy rating on FIGR, lowering the price target to $50 from $55. Peterson cited broader compression of valuation multiples in the digital lending sector and noted robust loan origination growth, strong capital markets execution, and the positive impact of the Kiavi acquisition.
The company reported exceeding expectations in Q3, with loan marketplace volume growing 134.7% year-over-year to $5.8 billion, and adjusted net revenue surging 12.2% to $283.3 million. Adjusted EBITDA also topped expectations at $163.6 million. Looking ahead, Needham anticipates fourth-quarter loan marketplace volume between $6.2 billion and $6.7 billion, citing a gross take rate of 3.1% to 3.4%.
The firm raised its earnings estimates for 2026 to $1.17 per share and 2027 to $1.58 per share, as well as its adjusted net revenue and 2026-2027 forecasts.
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