Figure (FIGR) Stock Jumps as Druckenmiller Invests $77M, Analysts Raise Price Targets

Figure Technologies (FIGR), a blockchain-focused lending platform, experienced a 15% rise in stock prices following billionaire investor Stanley Druckenmiller's announcement of a $77 million stake in the company. This growth, which drove shares up to $46.46 before stabilizing at $44.45, represents a 44% increase since its September IPO. Analysts from several financial institutions including Bank of America and Piper Sandler raised their price targets for Figure, noting its transition to a capital-light lending model, particularly with home equity lines of credit (HELOCs), and the efficiency gained through AI and blockchain technology. The launch of Figure’s yield-bearing stablecoin, YLDS, on the Provenance blockchain, is seen as a strategic move to capitalize on shifts in banking preferences. Druckenmiller’s investment underlines heightened institutional interest in innovative fintech solutions that leverage blockchain and AI for improving customer lending processes.

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