Figure Technology Solutions Inc. (NASDAQ:FIGR) reached a new all-time high in trading on Thursday. The stock climbed to $64.98 during intra-day activity before closing at $64.96, up 16.37 percent for the day.
Piper Sandler raised its price target for Figure Technology Solutions to $75 from $55. The firm maintained an "overweight" rating on the stock. This adjustment came after the company reported a 133.6 percent expansion in consumer loan marketplace volume for the fourth quarter of 2025, exceeding Piper Sandler's projection by 20 percent.
Following these results, Piper Sandler increased its earnings per share estimate for the company by 34 percent for the fourth quarter. Estimates for 2026 and 2027 were raised by 18 percent.
Separately, Figure Technology Solutions officially launched the On-Chain Public Equity Network. This platform allows companies to list their equity natively on a blockchain.
Unlike other tokenization methods, OPEN equities are registered directly on the blockchain. They are not tokenized versions of Depository Trust and Clearing Corporation securities. The equities will trade on a limit order book using Figure's Alternative Trading System, enabling continuous trading. Shareholders can use Figure's Democratized Prime, a decentralized finance protocol, to borrow against and lend out their stock. This system removes the traditional role of prime brokers.