Shares in blockchain-based consumer lending platform Figure Technology Solutions (FIGR) have tumbled about 16% since the start of the year. However, a 113% year-over-year growth in its consumer loan marketplace volume during the first quarter of fiscal 2026 could provide a needed boost in investor confidence, even as analysts remain cautiously optimistic about the company.
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Figure’s March Volume Climbs by 102%
During the three-month period ended March 31, the consumer lending platform’s loan volume grew to $2.902 billion. This marks a 7% rise from the previous quarter.
Figure also said its March volume hit $1.190 billion at the end of March, representing a 33% month-over-month growth and an even bigger 102% increase compared to the same period last year.
Can Figure’s Loan Volume Reach $12.8 Billion?
The latest figures appear to be in line with expectations, as Bernstein analyst Gautam Chhugani, in his assessment before the release of the latest number, pointed out that Figure had closed $1 billion in new loans at the end of March. Chhugani appears moderately bullish on Figure, as he reaffirmed his Buy rating but trimmed his price target by 7%, from $72 to $67, which implies about 94% upside.
The analyst believes that Figure is on track to grow its loan volumes by 53% year-over-year to $12.8 billion by the end of its ongoing fiscal year. He also sees Connect, Figure’s private credit loan securitization platform, remaining the company’s key growth engine: it is projected to account for 56% of total volumes by the end of fiscal 2026, compared to 46% in the prior year.
Similarly, Mizuho’s four-star analyst Dan Dolev remains moderately positive as he recently trimmed his FIGR price target for at least the second time in a month despite keeping his Buy rating on both occasions. Late last month the analyst lowered his price target to $45, implying about 30% upside.
Dolev pointed to Figure’s lower market valuation for the rating. Earlier, the analyst had said he was “encouraged” by Figure’s “aggressive” push to deepen its market presence and diversify across the broader U.S. consumer credit market.
Is Figure Stock Good to Buy?
Across Wall Street, Figure’s shares continue to carry a Strong Buy consensus rating from analysts. This is based on seven Buys and one Sell issued over the past three months.
In addition, the average FIGR price target of $57.50 implies about 67% upside from current trading levels.
