Bernstein reaffirms the target price of $67 for Figure, optimistic about the long-term growth of tokenization platforms

ME News Report, May 12 (UTC+8), Bernstein reiterated an “Outperform” rating and a $67 target price after Figure Technology Solutions announced its Q1 2026 performance, representing approximately 72% upside from the current stock price of $38.97. Figure’s Q1 loan issuance reached $2.9 billion, a year-over-year increase of 113%; adjusted net income was $167 million, up 92% year-over-year, beating market expectations by 6%. Among them, the blockchain-based lending marketplace Figure Connect contributed 56% of the loan volume, with the number of partner distributors increasing to 387, including major U.S. bank Flagstar Bank. Bernstein believes the market incorrectly views Figure as a traditional fintech company rather than a “pure tokenized capital markets platform.” Its yield-bearing security token YLDS supply increased by 80% quarter-over-quarter to $598 million, further strengthening its RWA and on-chain lending infrastructure growth logic. (Source: PANews)