BLND Crosses Above Average Analyst Target
May 17, 2024 at 06:44 AM EDT
In recent trading, shares of Blend Labs Inc (BLND) have crossed above the average analyst 12-month target price of $3.15, changing hands for $3.20/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..