Bernstein predicts that Figure stock price may double due to tokenized credit platforms

Bernstein analysts suggest that Figure Technology Solutions, a blockchain based lending platform that went public last year, may currently be undervalued. The company's loan disbursement in March reached $1.2 billion, an increase of 33% compared to the previous month, breaking the monthly $1 billion mark for the first time. Bernstein gave Figure a "outperform the market" rating, with a target price of $67, nearly twice the current stock price of $32.