As previously reported, Texas Capital initiated coverage of Figure (FIGR) with a Buy rating and $82 price target Figure is the largest real world asset tokenization and on chain credit platform in the market, for whom home equity line of credit origination and securitization are the main revenue drivers, the analyst tells investors. The company is expanding to nonqualified residential mortgages and other assets as well, adds the analyst, who sees 20%-plus revenue growth and a 60% EBITDA margin in 2028.
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