William Blair analyst Dylan Becker has maintained their bullish stance on BLND stock, giving a Buy rating on November 4.
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Dylan Becker has given his Buy rating due to a combination of factors influencing Blend Labs’ current and future performance. The company’s third-quarter results showed stable revenue that met market expectations, and its operating margin exceeded forecasts by nearly 300 basis points, reflecting management’s focus on profitability.
Additionally, Blend Labs is experiencing growth in consumer banking, particularly in its Home Equity offerings, despite challenges in the mortgage sector. Financial institutions are investing in anticipation of a mortgage market recovery, which has led to a significant increase in Blend’s pipeline, including several large deals. This positions the company well for future growth, with expectations of improved operating leverage and revenue acceleration into 2026 and beyond.
According to TipRanks, Becker is a 4-star analyst with an average return of 9.1% and a 55.79% success rate. Becker covers the Technology sector, focusing on stocks such as Autodesk, Clearwater Analytics Holdings, and Guidewire.
In another report released on November 4, Wells Fargo also maintained a Buy rating on the stock with a $5.00 price target.