Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Blackline Inc Market Cap
From what 13 stock analysts predict, the share price for Blackline Inc (BL) might increase by 0.43% in the next year. This is based on a 12-month average estimation for BL. Price targets go from $50 to $86. The majority of stock analysts believe BL is a hold. Please note analyst price targets are not guaranteed and could be missed completely.
About 13 Wall Street analysts have assigned BL 3 buy ratings, 7 hold ratings, and 3 sell ratings. This means that analysts expect Blackline Inc to generate similar returns as the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on BL. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of BL.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Patrick Walravens JMP Securities | Market Outperform | $86 | Maintains | Nov 22, 2024 |
| Brent Bracelin Piper Sandler | Neutral | $60 | Maintains | Nov 20, 2024 |
| Chris Quintero Morgan Stanley | Overweight | $80 | Maintains | Nov 15, 2024 |
| Terry Tillman Truist Securities | Hold | $60 | Maintains | Nov 11, 2024 |
| Brent Bracelin Piper Sandler | Neutral | $60 | Maintains | Nov 8, 2024 |
| Terry Tillman Truist Securities | Hold | $55 | Maintains | Oct 31, 2024 |
| Pinjalim Bora JP Morgan | Underweight | $50 | Maintains | Oct 25, 2024 |
| Chris Quintero Morgan Stanley | Overweight | $70 | Upgrade | Sep 30, 2024 |
| Matt VanVliet BTIG | Buy | $65 | Maintains | Aug 7, 2024 |
| Pinjalim Bora JP Morgan | Underweight | $47 | Maintains | Aug 7, 2024 |
| Terry Tillman Truist Securities | Hold | $45 | Maintains | Aug 7, 2024 |
| Rob Oliver Baird | Outperform | $65 | Maintains | Aug 7, 2024 |
| Brent Bracelin Piper Sandler | Neutral | $51 | Maintains | Aug 7, 2024 |
| Patrick Walravens JMP Securities | Market Outperform | $81 | Reiterates | Jul 15, 2024 |
| Brent Bracelin Piper Sandler | Neutral | $55 | Maintains | Jul 12, 2024 |
| Steven Enders Citigroup | Neutral | $54 | Maintains | Jun 28, 2024 |
| Rob Oliver Baird | Outperform | $72 | Maintains | May 8, 2024 |
| Daniel Jester BMO Capital | Market Perform | $67 | Maintains | May 8, 2024 |
| Brent Bracelin Piper Sandler | Neutral | $62 | Upgrade | Apr 23, 2024 |
| Steven Enders Citigroup | Neutral | $63 | Maintains | Apr 23, 2024 |
When did it IPO
2016
Staff Count
1,750
Country
United States
Sector/Industry
Technology/Software - Application
CEO
Ms. Therese Tucker
Market Cap
$4.01B
In 2023, BL generated $590.0M in revenue, which was a increase of 12.82% from the previous year. This can be seen as a signal that BL's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 09 Dec 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Investors in Internet - Software stocks should consider Magnite (MGNI) and BlackLine (BL) as potential value opportunities.
Why It Matters - The comparison between Magnite and BlackLine highlights potential value opportunities, guiding investors to make informed decisions in the Internet-Software sector.
Thu, 05 Dec 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - BlackLine (NASDAQ: BL) has been named a Leader in the IDC MarketScape for Worldwide Accounts Receivable Automation Applications for Enterprises, emphasizing the significance of AR automation in financial operations.
Why It Matters - BlackLine's recognition as a Leader in AR automation enhances its market position, signaling growth potential and operational efficiency, which could positively influence its stock performance.
Tue, 26 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - BlackLine, Inc. (Nasdaq: BL) will participate in an upcoming investor conference, as announced by the company's management team on November 26, 2024.
Why It Matters - BlackLine's participation in an investor conference indicates potential insights into company strategy and performance, which can influence investor sentiment and stock valuation.
Tue, 19 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - BlackLine (Nasdaq: BL) launched The BlackLine Studio360 Platform, enhancing digital finance transformation for CFOs by streamlining financial operations and providing actionable insights.
Why It Matters - BlackLine's launch of Studio360 enhances digital finance capabilities, potentially improving operational efficiency and insights for CFOs, which could boost demand for its services and drive stock performance.
Thu, 21 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - BlackLine (BL) has formed a hammer chart pattern, suggesting support. Coupled with rising earnings estimate revisions, a potential trend reversal may occur soon.
Why It Matters - The hammer chart pattern signals a potential reversal for BlackLine (BL), while rising earnings estimates suggest improved performance, indicating a possible buying opportunity.
Mon, 18 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - BlackLine (Nasdaq: BL) has been named the Most Innovative FinTech Solution at the 2024 Tech Ascension Awards, highlighting its advancements in financial operations for CFOs.
Why It Matters - BlackLine's recognition as the Most Innovative FinTech Solution enhances its reputation, potentially driving increased demand for its services and positively impacting stock performance.
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