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

Figure Technologies (FIGR) experienced a significant stock surge of up to 15% after billionaire investor Stanley Druckenmiller revealed a $77 million stake in the company. This investment has sparked renewed interest amid a broader cryptocurrency market slump, with FIGR stock rising 44% since its September IPO. Analysts from firms such as Bank of America and Piper Sandler have raised their price targets for Figure, praising its innovative, capital-light model focused on home equity lines of credit (HELOC) and advancements in AI and blockchain technology. Additionally, Figure's recent launch of YLDS, a yield-bearing stablecoin on the Provenance blockchain, aims to address capital outflow from traditional banks into digital currencies. Druckenmiller's investment signals growing institutional interest in financial platforms that integrate blockchain and AI to enhance consumer lending efficiency.

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