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Freedom Capital Markets Initiates Coverage On Figure Technology with Buy Rating, Announces Price Target of $40
Freedom Capital Markets analyst Lemar Clarke initiates coverage on Figure Technology (NASDAQ:FIGR) with a Buy rating and announces Price Target of $40.
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Shares of banks and financial services companies are trading lower after U.S. core inflation data bolstered the case for more Fed monetary tightening, which may slow lending and limit interest margins. Also, weak Q3 segment results from Bank of America and Morgan Stanley may dent confidence in the broader sector.
Reported Earlier, Figure Technology Q3 Volume Rose 107% YoY To $5.119B And 20% From Q2, September Rose 104% YoY To $1.783B, Democratized Prime Matched Offers $588M Vs $22M YoY