14 Best Long-Term Penny Stocks to Buy Right Now

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3. Blend Labs, Inc. (NYSE:BLND)

Stock Price: $3.54

5-Year Revenue Growth Rate: 26.17%

Number of Hedge Fund Holders: 31

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.

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