Wells Fargo Upgrades Blend Labs to Overweight, Raises Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin upgraded Blend Labs (NYSE:BLND) from Equal-Weight to Overweight and increased the price target from $1.5 to $3.5.
December 20, 2023 | 10:39 am
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Blend Labs was upgraded by Wells Fargo from Equal-Weight to Overweight with a price target raised to $3.5 from $1.5.
Upgrades by analysts, especially from a major financial institution like Wells Fargo, can lead to increased investor confidence and a potential rise in the stock price. The substantial increase in the price target suggests a positive outlook for Blend Labs, which may attract more investors in the short term.
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IMPORTANCE 85
RELEVANCE 100