Figure Technology Solutions Inc. saw its stock price climb to a record high during trading on Friday. The surge came after two investment firms raised their price targets for the company's shares.
Mizuho increased its price target for Figure Technology to $64 from $54, while maintaining an outperform rating. Piper Sandler also upgraded its target to $75 from $55, keeping an overweight rating on the stock.
During intra-day trading, the stock reached $76.57 before settling at $73.91 at the close, representing a gain of 13.86 percent for the day. This followed the company's inclusion in a recent list of top-performing firms.
Piper Sandler based its coverage adjustment on Figure Technology's fourth-quarter performance in 2025. The company reported a 133.6 percent expansion in consumer loan marketplace volume, exceeding the investment firm's projection by 20 percent.
The firm also raised its earnings per share estimates for Figure Technology by 34 percent for the fourth quarter of that year. Estimates for 2026 and 2027 were increased by 18 percent.
Separately, Figure Technology Solutions officially launched the On-Chain Public Equity Network. This system allows companies to list equity directly on blockchain technology.
Unlike other tokenization approaches, OPEN equities are registered on the blockchain rather than representing tokenized versions of traditional securities. The equities will trade using Figure's Alternative Trading System through a limit order book, enabling continuous trading.
Shareholders will have access to Figure's Democratized Prime, a decentralized finance protocol. This system permits borrowing against and lending out stock holdings, bypassing traditional prime broker functions.