Blend Labs (NYSE:BLND) Price Target Cut to $1.90 by Analysts at Keefe, Bruyette & Woods

Blend Labs (NYSE:BLND) had its price objective decreased by Keefe, Bruyette & Woods from $2.25 to $1.90 in a research note published on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Other research analysts have also issued research reports about the company. Wells Fargo & Company decreased their price objective on Blend Labs from $5.00 to $4.00 and set an “overweight” rating on the stock in a report on Wednesday, March 11th. Weiss Ratings lowered Blend Labs from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Citizens Jmp decreased their price objective on Blend Labs from $7.00 to $5.00 and set a “market outperform” rating on the stock in a report on Wednesday, March 11th. UBS Group decreased their price objective on Blend Labs from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Finally, Citigroup restated an “outperform” rating on shares of Blend Labs in a 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $3.44.

Blend Labs Stock Performance

Shares of BLND stock opened at $1.37 on Friday. The stock’s fifty day moving average is $1.63 and its two-hundred day moving average is $2.43. The firm has a market capitalization of $353.28 million, a P/E ratio of -13.74 and a beta of 1.03. Blend Labs has a fifty-two week low of $1.33 and a fifty-two week high of $4.49.

Hedge Funds Weigh In On Blend Labs

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLND. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Blend Labs in the third quarter valued at approximately $32,000. Captrust Financial Advisors acquired a new stake in shares of Blend Labs in the second quarter valued at approximately $35,000. South Shore Capital Advisors acquired a new stake in shares of Blend Labs in the fourth quarter valued at approximately $36,000. Savvy Advisors Inc. acquired a new stake in shares of Blend Labs in the third quarter valued at approximately $37,000. Finally, Jump Financial LLC acquired a new stake in shares of Blend Labs in the second quarter valued at approximately $38,000. 52.56% of the stock is owned by institutional investors and hedge funds.

Blend Labs News Roundup

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.