Blend Labs (NYSE:BLND) Price Target Cut to $2.00 by Analysts at Wells Fargo & Company

Posted by Francis Steltz on Nov 7th, 2026

Blend Labs (NYSE:BLND – Free Report) had its price objective decreased by Wells Fargo & Company from $3.00 to $2.00 in a research note released on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Blend Labs from a “buy” rating to a “hold” rating in a research note on Sunday, October 25th. Citizens Jmp decreased their price target on Blend Labs from $4.00 to $2.50 and set a “market outperform” rating for the company in a research note on Friday. The Goldman Sachs Group set a $3.00 target price on Blend Labs in a research report on Friday, August 7th. Citigroup reissued a “market outperform” rating on shares of Blend Labs in a research note on Tuesday, July 21st. Finally, Weiss Ratings cut shares of Blend Labs from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 25th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2.40.

Read Our Latest Research Report on BLND

Blend Labs Stock Down 14.4%

BLND traded down $0.16 on Friday, hitting $0.98. The company had a trading volume of 3,146,992 shares, compared to its average volume of 1,490,438. Blend Labs has a 12-month low of $0.85 and a 12-month high of $3.44. The business’s fifty day simple moving average is $1.19 and its 200 day simple moving average is $1.59. The company has a market cap of $230.83 million, a PE ratio of -6.97 and a beta of 1.05.

Insider Buying and Selling at Blend Labs

In other Blend Labs news, insider Nima Ghamsari sold 27,775 shares of the firm’s stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $0.92, for a total value of $25,553.00. Following the completion of the sale, the insider owned 7,750,693 shares of the company’s stock, valued at approximately $7,130,637.56. This trade represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Srinivasan Venkatramani sold 74,705 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $1.43, for a total transaction of $106,828.15. Following the transaction, the insider owned 236,563 shares in the company, valued at approximately $338,285.09. This trade represents a 24.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 239,072 shares of company stock worth $281,085. 40.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Irenic Capital Management LP increased its position in shares of Blend Labs by 3.6% in the 2nd quarter. Irenic Capital Management LP now owns 2,284,101 shares of the company’s stock valued at $3,906,000 after acquiring an additional 79,901 shares during the period. Rice Hall James & Associates LLC grew its stake in Blend Labs by 14.0% during the 1st quarter. Rice Hall James & Associates LLC now owns 1,006,289 shares of the company’s stock valued at $1,711,000 after purchasing an additional 123,699 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Blend Labs by 6.8% in the first quarter. Bank of America Corp DE now owns 340,757 shares of the company’s stock valued at $579,000 after purchasing an additional 21,713 shares during the period. Sei Investments Co. lifted its holdings in shares of Blend Labs by 99.0% during the first quarter. Sei Investments Co. now owns 258,688 shares of the company’s stock worth $440,000 after purchasing an additional 128,677 shares during the period. Finally, State of Wyoming acquired a new position in Blend Labs in the 3rd quarter worth approximately $225,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Key Blend Labs News

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

Positive Sentiment: Blend said it had its strongest sales quarter in more than three years. Its Autopilot customer count rose from six to ten, and management said the product’s pipeline has grown. Third-quarter revenue of $32.91 million also topped analyst estimates of $32.47 million. Read More.
Neutral Sentiment: The company’s third-quarter earnings were reported as a $0.02-per-share loss in one account, while Zacks described results as break-even; either way, they were below Zacks’ $0.01-per-share consensus estimate and roughly in line with the prior-year break-even result. Read More.
Neutral Sentiment: A report said BLND moved above its 50-day moving average, a potentially supportive technical signal, though it followed news of insider sales. Read More.
Negative Sentiment: Wells Fargo cut its price target from $3 to $2, and Citizens JMP lowered its target from $4 to $2.50. Both firms retained favorable ratings, but the target reductions temper the bullish message. Read More.; Read More.
Negative Sentiment: CEO and co-founder Nima Ghamsari continued selling shares under a pre-arranged trading plan, including 22,322 shares on Nov. 2. The reported sale was small compared with his remaining stake, but repeated insider sales may weigh on sentiment. Read More.

Blend Labs Company Profile

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Blend Labs, Inc develops cloud-based software that helps financial institutions digitize and streamline lending and banking processes. Its platform is designed to support customer applications, document collection, underwriting workflows, compliance requirements and other steps involved in delivering financial products.

The company’s solutions cover areas including mortgage lending, consumer loans, deposit accounts and other retail banking services. Blend provides configurable tools intended to help banks, credit unions, fintech companies and other lenders create digital customer experiences while connecting front-end applications with back-office systems.

Blend was founded in 2012 and is headquartered in San Francisco, California.