BofA analyst Craig Siegenthaler lowered the firm’s price target on Figure (FIGR) to $43 from $47 and keeps a Neutral rating on the shares. Looking ahead to 2026, the firm now favors the alternative asset managers to online brokers due to what it sees as a better valuation and positioning setup combined with a stronger macro backdrop, the analyst tells investors in a note on the brokers, asset managers and exchanges group.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FIGR:
- Crypto Currents: Strategy establishes $1.44B U.S. dollar reserve
- Figure announces launch of an RWA consortium
- Crypto Currents: Klarna launches KlarnaUSD stablecoin
- Ondo invests $25M in Figure’s $YLDS stablecoin
- Figure price target raised to $50 from $48 at Goldman Sachs