William Blair analyst Dylan Becker has maintained their bullish stance on BLND stock, giving a Buy rating on May 28.
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Dylan Becker has given his Buy rating due to a combination of factors that highlight Blend Labs’ strategic direction and financial prospects. The recent divestiture of the Title365 business is seen as a pivotal move, positioning Blend as a more focused vertical SaaS provider. This transition is expected to enhance the company’s gross margin profile, aligning it more closely with pure software vendors.
Furthermore, the sale is anticipated to streamline Blend’s strategic vision, allowing it to concentrate on enhancing customer experiences in consumer banking products such as mortgages and loans. This strategic focus is likely to support Blend’s market share growth in the coming years. Despite uncertainties in the broader mortgage market, Becker believes Blend is well-positioned to achieve significant operating leverage and revenue growth through 2025 and beyond.
According to TipRanks, Becker is a 5-star analyst with an average return of 12.2% and a 66.83% success rate. Becker covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Manhattan Associates, and Sapiens.
In another report released on May 28, Citizens JMP also maintained a Buy rating on the stock with a $7.00 price target.