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Blend Labs: Canaccord Genuity Maintains Buy, PT Raised to $5.25
ByAinvest
Friday, Aug 22, 2025 6:46 am ET1min read
Blend Labs: Canaccord Genuity Maintains Buy, PT Raised to $5.25
On July 2, 2025, Canaccord Genuity upgraded its rating for Blend Labs Inc. (BLND.N) to a "Buy" recommendation, raising the price target to $5.25. This move comes amidst a period of significant market activity and price fluctuations for Blend Labs, which has seen its stock price surge and decline in recent weeks [1].The upgrade by Canaccord Genuity follows a period of mixed performance for Blend Labs. The stock experienced a notable intraday jump of over 12.5% on August 21, 2025, despite the absence of major news or earnings announcements. This sharp move was attributed to either a short squeeze or a flash of algorithmic or retail buying, as no clear technical signals were identified [1]. The company's recent market activity has also seen price target cuts by other financial institutions, with UBS and Keefe Bruyette revising their targets downward [2].
Despite the mixed performance and recent price target cuts, Blend Labs has shown resilience in its stock price, closing at $3.355 on August 21, 2025, up from $2.84 on August 15. The stock has also experienced intense trading activity, with the price shifting from $3.21 to $3.405 within a single day on August 21 [2].
Canaccord Genuity's upgrade to a "Buy" recommendation and the subsequent price target increase suggest a positive outlook for Blend Labs. The financial institution likely sees potential for the company to improve its operational efficiency and profitability, which could drive stock price appreciation. However, investors should remain cautious and closely monitor the company's financial performance and market developments.
References:
[1] https://www.ainvest.com/news/unpacking-blend-labs-sharp-intraday-surge-news-strong-price-action-2508/
[2] https://stockstotrade.com/news/blend-labs-inc-blnd-news-2025_08_21/
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