New York, March 3, 2026, 09:15 (EST) — Premarket
- FIGR traded at $29.72 before the bell, following a 17.6% surge on Monday.
- Goldman Sachs lowered its 12-month price target to $44, down from $49, but is sticking with its Buy rating.
- The post-IPO lock-up blocking insider sales is due to expire March 10
Figure Technology Solutions Inc (FIGR.O) hovered near flat in Tuesday’s premarket, last quoted at $29.72. The stock had surged 17.6% during the prior session.
The stock’s sudden jump is drawing traders’ attention again, landing it in the spotlight before a busy week packed with possible triggers. One key event: the post-IPO lock-up expires next Tuesday, which might boost the share supply.
Crypto sentiment factors in here. Bitcoin popped roughly 2.5%, trading near $67,100 during early U.S. hours.
Goldman Sachs cut its 12-month price target on Figure to $44 from $49 on Monday but stuck with a “Buy” rating, Investing.com’s analyst summary shows. That price target signals where analysts expect the stock might be a year from now. Investing.com
Late last week, the company rolled out its fourth-quarter numbers and unveiled a $200 million buyback. Chief executive Michael Tannenbaum, in the official release, emphasized the drive to “expand our partner network” as the group deepens its move into blockchain-based capital markets. GlobeNewswire
During the Feb. 26 earnings call, CFO Macrina Kgil pointed to seasonal trends, telling analysts, “We do anticipate higher growth in March,” following what she called slower winter months. MarketBeat
Figure calls itself a blockchain-native capital marketplace, connecting loan origination, funding, and secondary market activity. Its product lineup ranges from consumer credit to digital assets. Reuters
The New York-based company debuted on the public markets in September 2025, setting its IPO price at $25 per share. Shares kicked off trading at $36, closing the session with a roughly 44% gain and landing the firm’s market cap near $7.62 billion, according to Reuters. Reuters
The IPO triggered a standard lock-up, barring insiders and early investors from offloading shares right away. According to MarketBeat’s lock-up calendar, Figure insiders will see their restriction lift on March 10. MarketBeat
But lock-up expiries don’t always play out the same way. If sellers hit the market early, shares can come under pressure—even when sentiment is turning up. FIGR has already swung sharply both ways.
