PANews reported on October 7 that Bernstein analysts predicted that the stock price of blockchain lending company Figure Technologies will rise by more than 30%. The company landed on the public market in September with an initial public offering (IPO) stock code of FIGR and an issue price of US$25 per share.

The stock is up about 6.5% today and is currently trading at $42.71. Bernstein has set a price target of $54 for the stock.