Canaccord Genuity Remains Bullish on Blend Labs (BLND)

Blend Labs, Inc. (NYSE:BLND) is one of the best long-term penny stocks to buy right now. In a report released on August 21, Joseph Vafi from Canaccord Genuity maintained a Buy rating on Blend Labs, Inc. (NYSE:BLND), setting a price target of $5.25.

Blend Labs, Inc. (NYSE:BLND) reported its fiscal Q2 2025 results on August 7, with total revenue for the quarter reaching $31.5 million, up by $2.8 million, or 10%, compared to the same period last year.

Management added that total revenue comprised Software platform revenue of $29.4 million and Professional services revenue of $2.1 million.

Blend Labs, Inc. (NYSE:BLND) further reported that the total GAAP gross profit margin was 74% in fiscal Q2 2025, while the non-GAAP gross profit margin was 76%, both up compared to 71% on both a GAAP and non-GAAP basis in fiscal Q2 2024.

Blend Labs, Inc. (NYSE:BLND) provides a cloud-based software platform for financial services firms developed to power the end-to-end consumer journey for banking products. The company’s operations are divided into the Blend Platform and Title365 segments.

While we acknowledge the potential of BLND as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.