BofA analyst Craig Siegenthaler raised the firm's price target on Figure Technology to $33 from $31 and keeps an Underperform rating on the shares. The company's Q1 revenue beat on robust loan volume while operating expenses were broadly higher than expected, the analyst tells investors in a research note. While the firm is cautious on growth in Connect volumes through 2027, it is cautious on large/mid-sized bank adoption for Connect.
