Blend Labs (NYSE:BLND) Given New $4.00 Price Target at Citizens Jmp

Blend Labs (NYSE:BLND) had its price target reduced by Citizens Jmp from $5.00 to $4.00 in a report issued on Friday,Benzinga reports. They currently have a market outperform rating on the stock.

Several other research firms have also recently commented on BLND. UBS Group lowered their price target on Blend Labs from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Wednesday, March 11th. Keefe, Bruyette & Woods lowered their price target on Blend Labs from $2.25 to $1.90 and set a “market perform” rating for the company in a report on Friday. Wells Fargo & Company lowered their price target on Blend Labs from $5.00 to $4.00 and set an “overweight” rating for the company in a report on Wednesday, March 11th. Weiss Ratings downgraded shares of Blend Labs from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Finally, The Goldman Sachs Group set a $3.50 price objective on shares of Blend Labs in a research report on Friday. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Blend Labs currently has an average rating of “Moderate Buy” and an average price target of $3.44.

Blend Labs Price Performance

BLND opened at $1.37 on Friday. The stock has a market capitalization of $353.28 million, a price-to-earnings ratio of -13.74 and a beta of 1.03. The business has a 50-day moving average of $1.63 and a two-hundred day moving average of $2.43. Blend Labs has a 12 month low of $1.33 and a 12 month high of $4.49.

Institutional Investors Weigh In On Blend Labs

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royce & Associates LP increased its holdings in Blend Labs by 73.9% during the 3rd quarter. Royce & Associates LP now owns 1,671,240 shares of the company’s stock worth $6,100,000 after purchasing an additional 709,989 shares during the last quarter. Tudor Investment Corp ET AL increased its holdings in Blend Labs by 81.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 1,300,087 shares of the company’s stock worth $4,745,000 after purchasing an additional 581,622 shares during the last quarter. Mirabella Financial Services LLP increased its holdings in shares of Blend Labs by 64.5% in the 3rd quarter. Mirabella Financial Services LLP now owns 2,643,777 shares of the company’s stock valued at $9,650,000 after acquiring an additional 1,036,777 shares during the last quarter. ShawSpring Partners LLC grew its stake in Blend Labs by 10.4% during the 3rd quarter. ShawSpring Partners LLC now owns 9,840,605 shares of the company’s stock worth $35,918,000 after buying an additional 929,566 shares during the last quarter. Finally, Proem Advisors LLC bought a new position in Blend Labs during the 3rd quarter worth $1,149,000. 52.56% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Blend Labs

Here are the key news stories impacting Blend Labs this week:

• Neutral Sentiment: Blend Labs reported Q1 EPS of ($0.03), missing consensus estimates, but revenue of $30.84 million topped expectations. Earnings report details
• Negative Sentiment: The company updated Q2 2026 revenue guidance to $32.0 million-$34.0 million, below the $35.2 million consensus estimate, signaling slower near-term growth.
• Positive Sentiment: Seeking Alpha reported Blend outlined a path to 10%-15% incremental top-line growth in 2027 as Autopilot moves to paid tiers in late June, which could support longer-term growth expectations. Autopilot growth update
• Negative Sentiment: Analysts also trimmed price targets: Citizens JMP cut its target to $4.00 from $5.00, and KBW lowered its target to $1.90 from $2.25, reflecting a more cautious near-term outlook. Citizens JMP and KBW target cuts

Blend Labs Company Profile

Blend Labs, Inc operates as a financial technology company that offers a digital consumer banking platform designed to simplify and automate the lending and account opening processes for banks and credit unions. Its cloud-native software enables financial institutions to deliver a more seamless customer experience by consolidating multiple steps—such as application intake, identity verification, document collection and underwriting—into a unified digital workflow. Blend’s platform is built to integrate with existing core banking systems and third-party data providers, allowing clients to accelerate loan origination and deposit account opening while maintaining compliance and security standards.

The company’s product suite includes solutions for mortgage origination, home equity lending, consumer personal lending and deposit account opening.