Bernstein: Figure Technology's tokenized credit platform could help double the stock price

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Golden Finance reports that on April 7, according to Bernstein analysts, the blockchain-based lending platform Figure Technology Solutions, which went public last year, may currently be undervalued because loan issuance has accelerated and its tokenized credit market has expanded in size.
In a report published by Bernstein on Monday, Figure was given a “outperform the market” rating, with a target price of $67—nearly twice the stock’s recent trading level (around $32).
Bullish expectations come from a surge in lending activity. In March, Figure issued $1.2 billion in loans, up 33% from the previous month, with monthly loan volume for the first time surpassing the $1 billion mark.

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