New York, Jan 18, 2026, 07:17 ET — Market closed
- Figure Technology Solutions shares jumped roughly 13.8% on Friday, closing the week just shy of $74
- Mizuho raised its price target, joining a string of recent upgrades amid growing investor interest in Figure’s blockchain efforts
- Trading picks up after the MLK Day break, bringing fresh updates on OPEN and the full Q4 earnings report into the spotlight
Figure Technology Solutions, Inc. shares closed Friday’s session at $73.91, climbing 13.8% from the previous close. The fintech’s surge followed a series of fresh price-target upgrades that reignited trader interest. During the session, the Nasdaq-listed stock peaked at $76.52.
This move is significant because it pushes further a strong rally that kicked off the year, in a company pitching Wall Street on a rare combo: large-scale home-equity lending paired with blockchain tech for trading and asset financing. If investors buy into that story, Figure’s valuation will depend less on interest rates and credit trends, and more on the success of its market structure offerings.
With the U.S. equity markets closed Monday for Martin Luther King Jr. Day, the next regular session won’t start until Tuesday. (New York Stock Exchange)
On Friday, Mizuho bumped its price target on Figure to $64 from $56, maintaining an Outperform rating, Investing.com reported. The same piece noted similar upgrades from Piper Sandler, Jefferies, and Bernstein, as analysts reacted to Figure’s early Q4 volume figures and a general boost from expectations of easing rates. (Investing)
The analyst debate heats up as Figure unveils its On-Chain Public Equity Network, or OPEN, built on the Provenance blockchain. In a Jan. 14 statement, Figure described OPEN as a platform allowing companies to list equity “native” on blockchain — not tokenized shares cleared via DTCC, the central U.S. clearinghouse. Trading happens on a limit order book through Figure’s Alternative Trading System (ATS), a regulated venue matching buyers and sellers off traditional exchanges. (Nasdaq)
Figure announced shareholders can now borrow against and lend stock through its “Democratized Prime,” a decentralized finance (DeFi) protocol running on blockchain instead of traditional banks or brokers. “OPEN reinvents equity trading,” said Executive Chairman Mike Cagney. BitGo CEO Mike Belshe noted the launch signals “growing momentum” for blockchain-native market structures. Figure also revealed that market maker Jump Trading is gearing up to support the network. (Nasdaq)
Earlier this week, the company released preliminary operating figures showing consumer loan marketplace volume hit $869 million in December, soaring 134% from the prior year. For the fourth quarter, volume reached $2.705 billion, a 131% increase year over year. It also reported $328 million of “$YLDS” in circulation at December’s end, alongside a $206 million matched-offers balance on Democratized Prime. The company noted these numbers remain unaudited and could be revised.
A filing dated Jan. 12 revealed the operating-data release was provided in a current report but wasn’t considered “filed” for some liability protections under U.S. securities law. The document bore the signature of Chief Executive Officer Michael Tannenbaum.
The jump put Figure’s move in stark contrast with a batch of popular fintech and crypto stocks that stayed mostly flat in the session: SoFi slipped roughly 1.2%, Upstart inched up about 0.4%, LendingClub climbed near 1.7%, and Coinbase edged higher by around 0.8%.
Figure went public in September 2025, with its shares soaring 44% on their Nasdaq debut, opening well above the $25 IPO price, Reuters reported at the time. (Reuters)
The latest surge, however, tightens the margin for error. Should OPEN adoption lag expectations — or if regulators, brokers, and major lenders resist shifting stock lending and settlement to new systems — momentum might evaporate fast, particularly following a rally that attracted quick capital.
Trading picks up Tuesday, with investors keen to see if FIGR can maintain momentum. They’ll also watch for any updates from OPEN on the start date for public-equity trading, plus clues on when full fourth-quarter results and guidance might be released.
