Piper Sandler has initiated coverage on Figure Technology Solutions Inc (FIGR) with an Overweight rating, marking the firm's first assessment of the company. This decision reflects an analysis of FIGR's business model, industry dynamics, and growth prospects.
Figure Technology Solutions operates as a blockchain-native capital marketplace, focusing on connecting origination, funding, and secondary market activities. Headquartered in Reno, Nevada, the company went public on September 11, 2025, and has since leveraged its proprietary technology to enhance lending, trading, and investing in areas such as consumer credit and digital assets. Its offerings include Figure HELOC, DSCR Loan, Cash-Out Refinance, and Crypto-Backed Loan, among others.
As of November 1, 2025, the analyst consensus for FIGR includes 3 Strong Buy ratings, 8 Buy ratings, and 2 Hold ratings, with a total market capitalization of $7.9 billion. This update provides insight into the growing interest in the company's innovative approach to financial services, particularly its application of blockchain technology to improve speed, efficiency, and liquidity in the market.
Analyst ratings serve as professional opinions based on extensive research and financial modeling. While they can provide valuable perspectives, these assessments are based on assumptions that may not always materialize. Investors should consider a range of factors, including company fundamentals and market conditions, when making investment decisions.