PANews reported on April 7th that Bernstein analysts stated that blockchain lending platform Figure Technology may be undervalued at present, and its expanding tokenized lending market and surging loan volume will drive up its stock price. Bernstein gave Figure an "outperform" rating and set a target price of $67, almost double the current trading level of $32.

Figure's loan disbursements reached $1.2 billion in March 2026, a 33% increase month-over-month, marking the first time it surpassed $1 billion in a single month. Its Provenance blockchain-based lending platform reduces friction in the loan process, saving 117 basis points per loan. Total loan disbursements in the first quarter of 2026 reached $2.9 billion, more than doubling year-over-year, with an annualized loan volume of approximately $12 billion.

Despite improved operational performance, Figure's stock price has fallen more than 20% this year, primarily due to volatility in digital asset-related stocks and industry pressures. However, Bernstein analysts believe that Figure's strong structural prospects as a tokenized platform and profitable lending business could allow its stock price to more than double.