Blend Labs Inc [NYSE: BLND] price surged by 2.01 percent to reach at $0.1.
The one-year BLND stock forecast points to a potential downside of -15.23. The average equity rating for BLND stock is currently 1.67, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Blend Labs Inc [BLND]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BLND shares is $4.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BLND stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Canaccord Genuity have made an estimate for Blend Labs Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 12, 2024. The new note on the price target was released on August 09, 2024, representing the official price target for Blend Labs Inc stock. Previously, the target price had yet another raise from $1.50 to $3.50, while Wells Fargo kept a Overweight rating on BLND stock.
The Average True Range (ATR) for Blend Labs Inc is set at 0.29, with the Price to Sales ratio for BLND stock in the period of the last 12 months amounting to 8.28.
BLND Stock Performance Analysis:
Blend Labs Inc [BLND] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.28. With this latest performance, BLND shares gained by 46.96% in over the last four-week period, additionally plugging by 70.71% over the last 6 months – not to mention a rise of 299.21% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BLND stock in for the last two-week period is set at 73.32, with the RSI for the last a single of trading hit 77.87, and the three-weeks RSI is set at 69.35 for Blend Labs Inc [BLND]. The present Moving Average for the last 50 days of trading for this stock 3.86, while it was recorded at 4.65 for the last single week of trading, and 3.12 for the last 200 days.
Insight into Blend Labs Inc Fundamentals:
Blend Labs Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.21 and a Current Ratio set at 3.21.
BLND Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BLND. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Blend Labs Inc go to 20.00%.
Blend Labs Inc [BLND] Institutonal Ownership Details
There are presently around $63.75%, or 66.44%% of BLND stock, in the hands of institutional investors. The top three institutional holders of BLND stocks are: GENERAL ATLANTIC, L.P. with ownership of 19.13 million shares, which is approximately 7.6246%. VANGUARD GROUP INC, holding 14.81 million shares of the stock with an approximate value of $$34.96 million in BLND stocks shares; and VANGUARD GROUP INC, currently with $$34.29 million in BLND stock with ownership which is approximately 5.7898%.
