Bernstein sets $67 price target for Figure, sees opportunity in tokenized credit

Bernstein has maintained its "Outperform" rating for Figure, a blockchain-based online lending platform, setting a price target of $67, Cointelegraph reported. This target implies a potential upside of approximately 67% from the current share price. The investment firm noted that Figure is transitioning into a platform for the blockchain-based credit market and has shown steep growth recently. Bernstein expects this trend to continue, highlighting that the market for tokenized credit products could expand to around $4 trillion.