Needham Highlights Figure Technology as FinTech Conviction Pick
Needham analysts maintained a buy rating on Figure Technology Solutions, Inc. (ticker FIGR) and raised their price target to $55 per share following a month of robust operational results.
Figure Technology reported June consumer‑loan marketplace volume of $1.519 billion, a 155% year‑over‑year increase that exceeded the firm’s internal estimate of $1.357 billion. For the second quarter, total marketplace volume reached $4.259 billion, beating the high end of the company’s guidance range of $3.4 billion to $4.1 billion.
In response to the outperformance, Needham lifted its earnings‑per‑share forecasts to $0.90 for 2026 (up from $0.87) and $1.15 for 2027 (up from $1.10). Revenue projections were also increased to $841.5 million for 2026 and $1.034 billion for 2027.
The analysts noted that growth is being driven not only by home‑equity lines of credit but also by expanding exposure to auto loans, small‑ and medium‑business loans, and debt‑service‑coverage‑ratio (DSCR) loans. They highlighted the pending acquisition of Kiavi as a potential catalyst that is expected to be highly accretive to the 2027 outlook.
Additional operational metrics showed a matched‑offers balance of $392 million and an available lender supply of $522 million. As of July 7 2026, Figure Technology’s shares were trading at $31.05, giving the company a market capitalization of approximately $6.8 billion.
Financing activity included the pricing of a $600 million senior note offering bearing an 8.5% coupon, due in 2031. Proceeds from the notes are earmarked for the cash portion of the Kiavi acquisition and for general corporate purposes.