Figure Technology Analysts Boost Their Forecasts After Upbeat Q3 Earnings

Core Insights - Figure Technology Solutions Inc reported third-quarter earnings of 34 cents per share, significantly exceeding the analyst consensus estimate of 15 cents per share [1] - The company achieved sales of $156.37 million, surpassing analyst forecasts of $119.01 million [1] Financial Performance - Net Income increased by 227% year-over-year, highlighting the company's strong growth trajectory [2] - The Adjusted EBITDA margin reached 55%, indicating the scalability of the blockchain-based model [2] Market Reaction - Following the earnings announcement, Figure Technology shares rose by 11.6%, trading at $44.89 [2] Analyst Ratings and Price Targets - Mizuho analyst Dan Dolev maintained an Outperform rating and raised the price target from $47 to $56 [7] - B of A Securities analyst Craig Siegenthaler maintained a Neutral rating and increased the price target from $41 to $47 [7]