
Blend Labs (BLND) Stock Forecast & Price Target
Blend Labs (BLND) Analyst Ratings
Bulls say
Blend Labs Inc. has demonstrated a robust pipeline, with an 18% year-over-year increase, indicating strong demand and representing over 4% of the 2024 HMDA market share. The introduction of the Rapid Refi product is expected to enhance profitability by accelerating refinance application closures and increasing the average economic value per loan. Furthermore, Blend's Q2 results reveal an expanding total addressable market (TAM) and significant growth in its consumer banking suite, contributing to a 43% increase in revenue for that segment despite a slight decline in mortgage suite revenue.
Bears say
Blend Labs Inc faces a significantly concerning outlook due to a larger than anticipated decline in mortgage volumes, which directly impacts its primary revenue-generating segment, the Blend Platform. The company's mortgage economic value per funded loan has decreased from $93 in Q1 to $88, attributed to a strategic shift toward a partnership model for homeowners’ insurance and income verification services. Additionally, the forecasted slowdown in mortgage volumes, exacerbated by rising interest rates and previous COVID-19-induced buying surges, raises concerns regarding Blend's ability to achieve its financial targets in the near future.
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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