Figure Technology (FIGR) Rockets 21% on Bullish Rating

Figure Technology Solutions Inc. (NASDAQ:FIGR) is one of the 10 Stocks Investors Are Watching.

Figure Technology soared by 21.29 percent on Tuesday to close at $39.59 apiece, as investors gobbled up shares following an investment firm’s bullish rating for the stock.

In its market report, Mizuho reaffirmed its “outperform” rating for Figure Technology Solutions Inc. (NASDAQ:FIGR), albeit lowering its price target to $55 from $64 previously. Still, the new price target represents a 39 percent upside potential from its latest closing price.

The coverage reflected the investment firm’s optimism for Figure Technology Solutions Inc. (NASDAQ:FIGR) following its recently inked deal with fintech firm Agora Data Inc. for the integration of auto loans into the Figure platform, opening doors for both companies to tap into the $670-billion auto loan total addressable market.

Additionally, Mizuho cheered Figure Technology Solutions Inc.’s (NASDAQ:FIGR) strong earnings performance last year, with net income soaring by 575 percent to $134.28 million from only $19.9 million in 2024. Net revenues climbed by 49 percent to $506.86 million from $340.88 million year-on-year.

In the fourth quarter alone, net income jumped by 156 percent to $15.08 million from $5.89 million, while net revenues soared by 90.8 percent to $159.9 million from $83.8 million.

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