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

Shares of Figure Technologies (FIGR) surged by 15% following billionaire investor Stanley Druckenmiller's disclosure of a $77 million stake in the company. This substantial investment, amounting to over 2.1 million shares, demonstrates growing institutional interest in Figure's innovative approach that integrates AI and blockchain into its lending processes. Analysts from Bank of America, Mizhou, and Piper Sandler raised price targets for Figure, emphasizing the company's shift to a capital-light model focusing on home equity lines of credit (HELOCs). Figure reported that its Figure Connect platform is expected to drive a significant share of its loan volume. Additionally, the recent launch of YLDS, a yield-bearing stablecoin on the Provenance blockchain, positions Figure uniquely amidst a trend of capital outflow from traditional banks to digital assets. Despite a challenging environment for crypto-linked firms, Figure's stock has increased by 44% since its September IPO, illustrating its performance amid broader market struggles.

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