
Blend Labs (BLND) Stock Forecast & Price Target
Blend Labs (BLND) Analyst Ratings
Bulls say
Blend Labs Inc. is experiencing a positive outlook driven by a robust 18% year-over-year increase in its pipeline, which now captures over 4% of the 2024 HMDA market share. The company's recent introduction of the Rapid Refi product is anticipated to enhance profitability by facilitating quicker loan closings, thereby increasing the average economic value per loan. Furthermore, Blend's Q2 results highlight significant revenue growth in its consumer banking suite, evidenced by a 43% rise in this segment, even amid a decline in mortgage suite revenue, suggesting effective optimization in a low-volume mortgage environment.
Bears say
Blend Labs Inc. is facing a significant and larger-than-anticipated reduction in mortgage volumes, which may adversely impact its financial performance. The decline in mortgage economic value per funded loan has dropped from $93 to $88, attributed to transitions in its partnership model for homeowner insurance and income verification. Additionally, the ongoing expectations of rising interest rates over the next 2-3 years compound the challenges, as this could further depress mortgage activity and hinder the company’s ability to achieve its operational targets.
This aggregate rating is based on analysts' research of Blend Labs and is not a guaranteed prediction by Public.com or investment advice.
Blend Labs (BLND) Analyst Forecast & Price Prediction
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