Figure Technology price target lowered to $67 from $72 at Bernstein

Bernstein lowered the firm’s price target on Figure Technology (FIGR) to $67 from $72 and keeps an Outperform rating on the shares. The combination of geopolitics and temporary crypto weak sentiment is offering big discounts on crypto stocks. In the firm’s view, these businesses offer exposure to trillion-dollar markets with years of growth ahead. Bernstein believes, “we will see a bottom in crypto stocks into weak Q1 earnings.”