Blend Labs price target lowered to $1.30 from $2.40 at Piper Sandler

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.