Bernstein raises outlook on Figure after strong Q4, keeps Outperform and $72 target
Research firm Bernstein said it is "more positive" on Figure Technology Solutions after the company reported robust fourth-quarter results. Bernstein described Figure’s Q4 performance as steady and reiterated its Outperform rating and $72 price target. The update follows Figure’s own report that projected net income for 2025 would jump 574% to $134 million and that the company plans a $200 million share buyback. Bernstein’s reaffirmation signals analyst confidence in Figure’s financial outlook and capital return plans.
Bullish
Bernstein’s public reaffirmation of an Outperform rating and a $72 target after Figure’s strong Q4 and aggressive buyback plans is a bullish signal for traders. Analyst upgrades or confirmations from reputable firms often increase investor confidence, potentially lifting Figure’s equity valuation and related sentiment in RWA/tokenization sectors. The specific catalysts are: (1) materially improved earnings trajectory — Figure projecting 574% net income growth for 2025 — which supports higher valuations; (2) a $200M buyback, which reduces float and can boost EPS and share price; and (3) continued analyst coverage maintaining a clear price target, which can attract institutional flows. Short-term impact: likely positive price momentum and volatility as traders react to the upgrade and buyback news. Expect increased trading volume and potential squeeze if the market had been skeptical. Long-term impact: if Figure delivers on 2025 guidance and buybacks, fundamentals justify higher valuations and sustained bullishness; if results miss, the initial rally could reverse. Comparable events include other fintech or tokenization firms whose analyst reaffirmations and buybacks drove near-term rallies (e.g., past buyback announcements in crypto-adjacent firms). Traders should monitor upcoming guidance execution, share count changes, and sector sentiment for risk management.