Wells Fargo (NYSE:WFC) analyst Michael Turrin maintained a Buy rating on Blend Labs on Thursday, setting a price target of $20, which is approximately 115.75% above the present share price of $9.27.
Turrin expects Blend Labs to post earnings per share (EPS) of -$0.38 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Blend Labs, with an average price target of $19.5.
The analysts price targets range from a high of $23 to a low of $16.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $89.57 million and a net profit of -$70.54 million. The company's market cap is $2.13 billion.
According to TipRanks.com, Wells Fargo analyst Michael Turrin is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 4.3% and a 53.85% success rate.
Blend Labs Inc is a cloud based platform. It supports and simplifies applications for mortgages, consumer loans, and deposit accounts.