Blend Labs - Class A Share Price Today

Wells Fargo maintains Overweight on Blend Labs, cuts price target to $2

Wells Fargo analyst Michael Turrin lowered Blend Labs' price target from $3 to $2. The firm maintained an Overweight rating on the stock despite the target cut. The adjustment represents a $1 reduction in the projected share price.

Blend Labs Q3FY26 Results: Revenue up 1% YoY, operating income beats high end

Revenue rose 0.1% YoY to $32.9 million, beating consensus estimates by 1.33%. Adjusted EPS of $0.00 missed the analyst estimate of $0.01. Non-GAAP operating income hit $4.9 million, exceeding the high end of guidance. Mortgage suite revenue declined 2% YoY to $17.4 million amid lower industry volumes. Consumer banking revenue grew 5% YoY to $13.2 million, driven by Rapid Home Equity.

Blend Labs expands partnership with Alliant Credit Union for mortgage tech

Blend Labs expands partnership with Alliant Credit Union to power digital mortgage applications. New integration allows members to complete mortgage applications in minutes via automated verification. Blend processed $1.2 trillion in loan volume in 2025; Alliant serves nearly 1 million members. Partnership supports Alliant's Journey Home platform covering saving, searching, financing, and closing.

Blend Labs honors seven customers with Best in Banking Awards at Forum 2026

Blend Labs honored seven customers with Best in Banking Awards at Forum 2026 on August 26, 2026. Frost Bank increased deposit account application completions by 60% and cut manual reviews from 15% to 3%. BCU lifted deposit conversion rates from 40% to 60% using Blend's platform. Langley Federal Credit Union grew digital deposit openings by 37% while reducing contact center interventions from 32% to 7%. $1.3 trillion in loan applications flows through Blend annually, including 1 in 6 U.S. mortgages.

Blend Labs cuts application drop-off by 16% via Prove integration

Blend Labs (NYSE: BLND) reports that its integration with Prove Pre-Fill has cut application drop-off by 16% and manual entry by 54%. The solution verifies applicants via mobile devices to populate forms automatically, helping banks and credit unions like BCU streamline digital onboarding without compromising security.

Blend Labs Q3 Results: Sales guidance misses estimates

Blend Labs projects Q3 sales of $31.500 million to $33.500 million, missing the $34.165 million analyst estimate. The guidance reflects potential headwinds in consumer demand or operations for the New York-listed tech brand.