Figure Technology price target raised to $44 from $42 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Figure Technology (FIGR) to $44 from $42 and keeps a Buy rating on the shares. The company reported sequentially stronger March and Q1 preliminary operating data as consumer loan marketplace volume improved, the analyst tells investors in a research note. The firm adds it remains constructive on the longer-term growth of Figure’s core business and expects volumes to continue building from the robust March levels, supported by strong origination partner growth over the past year, expanding partnerships and product development, as well as a seasonally improving HELOC origination backdrop.