The Latest Breaking News from Blend Labs

Over the past 3 months, 13 analysts have published their opinion on Blend Labs (NYSE:BLND) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Analysts mainly slashed the price targets or downgraded the rating on Blend Labs Inc (NYSE:BLND) post Q4 results. KeyBanc analyst Josh Beck lowered the price target to $6 from $10 (26% upside) and kept an Overweight.  The company's FY22 revenue forecast was well below the Street's $343.8 million, reflecting the negative impact of higher rates…

Upgrades

Blend Labs Inc (NYSE:BLND) reported fourth-quarter revenue growth of 164.3% year-over-year to $80.99 million, missing the consensus of $82.92 million. Blend Platform segment revenue was $36.5 million (+19% Y/Y), and Title365 segment revenue was $44.4 million. EPS was $(0.32), missing the consensus of $(0.19). The adjusted net loss was $(44.35) million, compared…