Why Figure Technology Solutions Stock Zoomed More Than 21% Higher This Week
One of the company's bulls issued a glowing update on its prospects.
Overview
Home loan-focused fintech Figure Technology Solutions (NASDAQ: FIGR) felt like an investment that was safe as houses, as the saying goes, in the trading week shortened by Friday's market holiday. Investors were particularly cheered by a bullish analyst note that supported the stock's buy case.
Sure enough, it rose by over 21% across those four business days, according to data compiled by S&P Global Market Intelligence.
Details
On Tuesday, Needham prognosticator Kyle Peterson reiterated his buy recommendation on Figure stock and his $55-per-share price target. That is a robust 62% above the stock's most recent closing level.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.