Blend Labs price target lowered to $5.25 from $5.75 at Canaccord

Canaccord lowered the firm’s price target on Blend Labs (BLND) to $5.25 from $5.75 and keeps a Buy rating on the shares. The firm said with another topten bank new logo win along with a good number of others in Q4, interest in Blend’s solutions remain strong. As the company expands its logo list and service offerings, the focus is on the rollout of Rapid Refi and Rapid Home Equity although the macro environment remains tough.