Blend Labs shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 consolidated revenue guidance. Also, Wells Fargo raised its price target from $1 to $1.5 on the stock.
Portfolio Pulse from Benzinga Newsdesk
Blend Labs reported better-than-expected Q2 financial results and issued Q3 consolidated revenue guidance. Wells Fargo raised its price target on Blend Labs' stock from $1 to $1.5.
August 10, 2023 | 4:22 pm
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POSITIVE IMPACT
Blend Labs' better-than-expected Q2 results and positive Q3 revenue guidance, along with Wells Fargo's increased price target, are likely to positively impact the stock in the short term.
Blend Labs' strong Q2 results and positive Q3 revenue guidance indicate a healthy financial performance, which is a positive signal to investors. Additionally, Wells Fargo's increased price target shows confidence in the company's future performance, which can further drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100