After Figure Technology Solutions (FIGR) announced "solid" Q4 results, Bernstein analysts reiterated their "Outperform" rating and a target price of $72. Figure reported net revenue of $159.9 million, in line with expectations; net profit increased 156% year-over-year to $15.1 million. The analysts noted that the company has made significant progress in its tokenization strategy, with Connect's trading volume accounting for 54% of its consumer loan market transactions. Additionally, the company announced a $200 million share repurchase plan and partnered with Agora Data to introduce AI-generated auto loans as tokenized assets into its marketplace.
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After Figure Technology Solutions (FIGR) announced "solid" Q4 results, Bernstein analysts reiterated their "Outperform" rating and a target price of $72. Figure reported net revenue of $159.9 million, in line with expectations; net profit increased 156% year-over-year to $15.1 million. The analysts noted that the company has made significant progress in its tokenization strategy, with Connect's trading volume accounting for 54% of its consumer loan market transactions. Additionally, the company announced a $200 million share repurchase plan and partnered with Agora Data to introduce AI-generated auto loans as tokenized assets into its marketplace.