On September 9, Figure Technology Solutions rose 5.55% in regular trading, trading at $40.18 USD/share, with turnover of $13.47 million.
On the news front, BofA Global Research upgraded Figure Technology Solutions from Underperform to Neutral, while raising its price target from $31 to $49, representing a 58% increase. According to FactSet, the stock currently carries an average analyst rating of Overweight with a mean price target of $52.67, signaling broad institutional optimism on the company's outlook.
The upgrade comes against a backdrop of strong fundamental momentum. The company reported Q2 EPS of $0.35, beating the consensus estimate of $0.23 by over 52%, while net revenue surged to $225.6 million from $106.1 million a year earlier, also exceeding the $208.2 million estimate. Additionally, the company announced a $717 million agreement to acquire AI-powered real estate lending platform Kiavi, which is expected to add over $7 billion in annual first-lien loan volume to its Figure Connect marketplace, further broadening its business scope.
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