Piper Sandler analyst Arvind Ramnani lowered the firm’s price target on Blend Labs to $1.30 from $2.40 and keeps a Neutral rating on the shares. The company reported "muted" Q4 results and did not provide full-year guidance due to the tumultuous macro environment and lack of visibility, the analyst tells investors in a research note. The analyst says Blend’s market environment remains highly uncertain.
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Published first on TheFly
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Read More on BLND:
- Blend Labs price target lowered to $2.00 from $3.00 at Canaccord
- Blend Labs sees Q1 revenue $33M-$35M, consensus $46.23M
- Blend Labs reports Q4 adjusted EPS (35c), consensus (16c)
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