BofA raised the firm’s price target on Figure (FIGR) to $47 from $41 and keeps a Neutral rating on the shares. The company’s first quarterly earnings results included a “big EPS beat,” partially driven by a low tax rate, and strong volumes from Figure Connect, the analyst tells investors. The firm is increasing its Q4, 2026 and 2027 EPS estimates to account for higher volumes in Figure Connect, but views the stock’s valuation as full following strong performance since the company’s September IPO, the analyst added.
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