New York, Jan 16, 2026, 12:01 PM EST — Regular session
- Figure Technology Solutions shares jump roughly 14% by midday trading
- Mizuho raises its price target to $64 from $56, maintaining an Outperform rating
- Investors are taking in Figure’s new OPEN network, designed for blockchain-registered equities
Figure Technology Solutions, Inc. (FIGR.O) shares surged 13.6% to $73.82 on Friday, building on a strong rally this week fueled by renewed analyst enthusiasm and the company’s recent move into blockchain-driven market infrastructure.
Mizuho bumped its price target on the stock to $64 from $56, maintaining an Outperform rating. The firm highlighted a blend of macro factors and policy drivers supporting fintech through 2026, including easing rates and clearer regulation on crypto and stablecoins. (Investing)
The stock’s jump comes shortly after Figure unveiled OPEN, its “On-Chain Public Equity Network” running on the Provenance blockchain. According to Figure, this platform enables issuers to list equity directly on a blockchain ledger, trade shares via an alternative trading system (ATS)—a regulated electronic marketplace—and tap into decentralized finance (DeFi) tools for stock lending and borrowing. (Markets Media)
“After originating more than $20 billion in on-chain credit, we’re now excited to introduce public equity on Provenance Blockchain,” said Executive Chairman Mike Cagney. BitGo CEO Mike Belshe noted the company is witnessing “growing momentum” for “blockchain-native market structures.” (Markets Media)
Bloomberg reported the platform will enable investors to lend shares directly to each other, bypassing several traditional intermediaries involved in stock lending and settlement. (Bloomberg)
Wall Street quickly pushed its numbers higher. Piper Sandler’s Patrick Moley bumped the price target to $75 from $55, keeping an Overweight rating, a client-note summary shared by Yahoo Finance shows. (Yahoo Finance)
The call came after Figure shared early operating metrics and followed a strong rally Thursday, when the stock closed at $64.96, soaring 16.4% that day, according to a Finviz report. (Finviz)
Figure released preliminary, unaudited operating data earlier this week, revealing consumer loan marketplace volume hit $2.705 billion in Q4, with $869 million coming in December alone. The figure covers originations of HELOCs (home-equity lines of credit), DSCR loans, personal loans, and third-party loans traded on its Figure Connect marketplace, the company said.
That said, the upside hinges on flawless execution. Shifting public equities “on-chain” could bring Figure into closer contact with regulators and market-structure overseers. But without solid issuer adoption and dependable liquidity, this pitch won’t turn into steady revenue.
Price risk is also clear. Shares have been bouncing wildly day to day and zooming beyond some set targets. A drop in loan volumes, tougher funding, or delays in rollout could hit hard and fast.
Investors will soon focus on when Figure expects its shares to trade on OPEN and any moves toward the secondary equity offering it has mentioned, alongside its upcoming quarterly results. Nasdaq data currently sets the expected earnings date for Feb. 12, 2026. (Nasdaq)
