** Shares of digital lending platform Blend Labs BLND.N plunge as much as 20.2%, hitting their lowest since August
** BLND on Thursday posted Q4 adjusted EPS below Wall Street expectations, after beating estimates in previous three quarters
** Co forecast mortgage originations to be lower in Q1 2025 relative to Q4 2024, based on volumes YTD through its customer base and latest macroeconomic data
** UBS lowers revenue estimates down 9% in FY 2025 given still-challenging mortgage backdrop
** Brokerage cuts PT to $3.50 from $4, slight discount to stock's last close
** Avg. rating of six analysts is "buy"; median PT is $5.68 - LSEG data
** As of last close, BLND stock down 16.6% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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