Wall St Engine(@wallstengine):BofA Upgrades $FIGR to Neutral from Underperform, Raises PT to $49 from $31 BofA sees a stronger revenue growth outlook into 2028, driven by momentum at Figure Connect, while valuation has become less of a concern. The firm highlights FIGR’s 132% y/y volume growth in 2Q26, Figure Connect rising to 65% of total volumes, and strong partner additions. BofA also expects 3Q26 volumes to come in near the high end of guidance, with the Kiavi acquisition adding further upside. Analyst: Craig Siegenthaler

2026.09.09 09:42

BofA Upgrades $FIGR to Neutral from Underperform, Raises PT to $49 from $31 BofA sees a stronger revenue growth outlook into 2028, driven by momentum at Figure Connect, while valuation has become less of a concern. The firm highlights FIGR’s 132% y/y volume growth in 2Q26, Figure Connect rising to 65% of total volumes, and strong partner additions. BofA also expects 3Q26 volumes to come in near the high end of guidance, with the Kiavi acquisition adding further upside. Analyst: Craig Siegenthaler