Blend Labs slides after Q2 profit miss
07/08/2026 14:04
BUZZ-Blend Labs slides after Q2 profit miss ** Digital banking software firm Blend Labs' BLND.N shares slide 12% to $1.72 premarket
** BLND late Thursday posted Q2 profit below Wall Street estimates
** Wells Fargo Securities trims PT to $3 from $4, which still represents 54% upside to last close
** Brokerage expects BLND results to re-accelerate in 2027
** 5 of 6 brokerages rate the stock "buy" or higher and 1 "hold"; median PT $3 - data compiled by LSEG
** As of last close, BLND stock down 36% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)