Figure Technology Shares Plummet 17% After BofA Downgrade Amid Valuation Concerns
ByAinvest
Tuesday, Feb 3, 2026 1:51 pm ET1min read
FIGR--
Figure Technology Solutions' shares fell 17% after Bank of America downgraded the fintech firm, citing a stretched valuation and concerns over the scalability of its loan origination system. The brokerage cut its rating to "underperform" and trimmed its price objective to $42 from $43. It raised its Q4 2025 EPS estimate to $0.20 but lowered longer-term forecasts for 2026-2028 due to higher expected operating expenses.
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