Blend Labs Inc (NYSE: BLND ) reported mixed results for the fourth quarter on Tuesday .
The company posted quarterly earnings of $0.00 per share which missed the analyst consensus estimate of $0.01 per share. The company reported quarterly sales of $32.368 million which beat the analyst consensus estimate of $31.778 million.
Blend Labs said it sees first-quarter sales of $28.500 million-$30.000 million, versus market estimates of $31.482 million.
Blend Labs shares gained 9.5% to trade at $1.78 on Wednesday.
These analysts made changes to their price targets on Blend Labs following earnings announcement.
Citizens analyst Aaron Kimson maintained Blend Labs with a Market Outperform and lowered the price target from $7 to $5. Wells Fargo analyst Michael Turrin maintained the stock with an Overweight rating and cut the price target from $5 to $4.Considering buying BLND stock? Here’s what analysts think:
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