Bernstein lists Figure (FIGR) as "Top Pick Stock" for 2026, with the target price raised to $72

**Jan 13: Bernstein Lifts Figure Tech (FIGR) Target to $72, Names 2026 Top Pick** Bernstein analysts raised Figure Technology Solutions’ (ticker: FIGR) target stock price from $54 to $72 on Monday, designating the firm a “Top Pick for 2026.” The team cited **tokenized lending market growth exceeding expectations** and improving operational leverage, with the new target implying ~38% upside from FIGR’s Monday close of $52.23. Bernstein has rated the stock “Outperform” since initiating coverage in October 2024. In a Tuesday (Jan 14) client report led by Gautam Chhugani, the team noted the blockchain-based lender is well-positioned amid a clearer regulatory framework tied to banking transformation and the proposed U.S. crypto market structure bill (dubbed the “Crypto Bill”). The report highlighted Figure’s blockchain infrastructure replacing traditional banking ledgers, with its tokenized equity business holding long-term growth potential. Bernstein added Figure’s performance has outpaced its “already optimistic” initial forecasts, driven by a partner-focused market model and expansion into new loan categories. Consumer lending volume hit ~$2.7 billion in Q4; Figure Connect (its tokenized lending platform) processed 46% of credit volume, up from the prior quarter. The report emphasized Figure’s active expansion into new products (debt paydown coverage loans, small business loans, crypto-backed loans) alongside its core HELOC business. The firm also plans to launch a tokenized equity platform to create a secondary market by tokenizing its equity, with analysts calling the equity segment a long-term “strategic option” rather than a short-term revenue driver.