Investors seeking top performers within the Computer & Technology sector should take notice of Blend Labs (BLND). The company has outpaced its peers, delivering a remarkable 31.8% year-to-date return, significantly exceeding the sector’s average of 13.4%. This impressive performance can be attributed to a number of factors.
Blend Labs, a member of the Zacks Computer & Technology group (currently ranked #7), carries a Zacks Rank of #2 (Buy). This ranking indicates strong potential for outperformance in the next 1-3 months, based on the proven Zacks Rank model which prioritizes earnings estimate revisions and companies with positive earnings trends. Indeed, analyst sentiment for BLND has been positive, with the Zacks Consensus Estimate for full-year earnings increasing by a significant 29.9% over the past 90 days.
While Blend Labs shines brightly, it’s not the only standout within the sector. OneSpan (OSPN), another member of the Computer & Technology group, has also demonstrated impressive performance, delivering a 39.7% year-to-date return. Furthermore, OneSpan boasts a Zacks Rank of #2 (Buy) and has experienced a 5.6% increase in its consensus EPS estimate for the current year over the past three months.
Both Blend Labs and OneSpan belong to the Internet – Software industry, which includes 141 companies and currently holds the #95 position in the Zacks Industry Rank. While the industry has seen an average return of 10.5% this year, BLND and OSPN have both significantly surpassed this benchmark.
As investors navigate the Computer & Technology landscape, both Blend Labs and OneSpan warrant close attention. Their robust performance and positive indicators suggest potential for continued success in the future.
