5 Stocks Under $25 to Buy According to Billionaire Philippe Laffont

In this article, we discuss 5 stocks under $25 to buy according to billionaire Philippe Laffont. If you want our detailed analysis of these stocks, go directly to 10 Stocks Under $25 to Buy According to Billionaire Philippe Laffont. 

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

Coatue Management’s Stake Value: $146,919,000

Percentage of Coatue Management’s 13F Portfolio: 0.59%

Number of Hedge Fund Holders: 19

Share Price as of January 12: $7.32

Blend Labs, Inc. (NYSE:BLND) is one of the best stocks under $25 to buy according to Philippe Laffont, with his hedge fund acquiring an approximately $147 million position in the company as of Q3 2021, which represents 0.59% of the billionaire’s total investments. Blend Labs, Inc. (NYSE:BLND) is a financial services company that uses a cloud-based platform to assist customers with mortgages, home equity loans, lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts.

On November 10, Blend Labs, Inc. (NYSE:BLND) reported its financial results for the third quarter, posting a loss per share of $0.13, missing estimates by $0.02. Revenue over the period totaled $89.57 million, outperforming estimates by $3.35 million. 

Wells Fargo analyst Michael Turrin lowered the firm’s price target on Blend Labs, Inc. (NYSE:BLND) on December 13 to $15 from $20 to reflect multiple compression across the software space. The analyst kept an Overweight rating on the stock.

A total of 19 hedge funds in the third quarter database of elite funds maintained by Insider Monkey reported owning stakes worth $487.7 million in Blend Labs, Inc. (NYSE:BLND).