Goldman Sachs raises Blend Labs price target from $3.00 to $3.40, maintaining a "buy" rating.

Goldman Sachs raises Blend Labs (BLND) price target from $3.00 to $3.40, maintaining a "buy" rating, with other analysts such as William Blair upgrading to "outperform" and Keefe, Bruyette & Woods lifting to $3.00 and "market perform". Blend Labs, a cloud-based software platform for US financial services firms, has seen a 12-month high, with a consensus "Moderate Buy" rating and a $3.23 average target price. The company reported a negative net margin and ROE in the last quarter.