From what 8 stock analysts predict, the share price for Blackline Inc (BL) might decrease by 5.09% in the next year. This is based on a 12-month average estimation for BL. Price targets go from $46 to $81. The majority of stock analysts believe BL is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 8 Wall Street analysts have assigned BL 6 buy ratings, 2 hold ratings, and 0 sell ratings. This means that analysts expect Blackline Inc to outperform 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 |
---|---|---|---|---|
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 |
Terry Tillman Truist Securities | Hold | $45 | Maintains | Aug 7, 2024 |
Pinjalim Bora JP Morgan | Underweight | $47 | Maintains | Aug 7, 2024 |
Matt VanVliet BTIG | Buy | $65 | Maintains | Aug 7, 2024 |
Brent Bracelin Piper Sandler | Neutral | $51 | Maintains | Aug 7, 2024 |
Rob Oliver Baird | Outperform | $65 | 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 |
Steven Enders Citigroup | Neutral | $63 | Maintains | Apr 23, 2024 |
Brent Bracelin Piper Sandler | Neutral | $62 | Upgrade | Apr 23, 2024 |
Steven Enders Citigroup | Neutral | $66 | Maintains | Mar 27, 2024 |
Ryan Krieger Wolfe Research | Peer Perform | Initiates | Mar 18, 2024 | |
Patrick Walravens JMP Securities | Market Outperform | $81 | Reiterates | Feb 14, 2024 |
Steven Enders Citigroup | Neutral | $57 | Maintains | Feb 14, 2024 |
When did it IPO
2016
Staff Count
1,750
Country
United States
Sector/Industry
Technology/Software—Application
CEO
Mr. Owen M. Ryan
Market Cap
$3.75B
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
Summary - BlackLine, Inc. will hold its Q3 2024 earnings conference call on November 7, 2024, at 5:00 PM ET, featuring key executives and analysts from various financial institutions.
Why It Matters - BlackLine's Q3 2024 results may influence stock performance and investor sentiment, providing insights into financial health, growth prospects, and market positioning.
Summary - BlackLine, Inc. (Nasdaq: BL) has released its financial results for Q3 2024, ending on September 30. Further details on performance were not provided in the excerpt.
Why It Matters - BlackLine's Q3 financial results can impact stock performance, investor sentiment, and future growth projections, influencing investment decisions and market positioning.
Summary - BlackLine, Inc. announced CFO Mark Partin's retirement effective March 1, 2025. He will be succeeded by Chief Accounting Officer Patrick Villanova.
Why It Matters - Leadership changes can impact company direction and investor confidence. Mark Partin's retirement may affect BlackLine's financial strategies and operational stability, influencing stock performance.
Summary - BlackLine's Q3 2024 performance metrics are available for comparison against Wall Street estimates and year-ago results, providing insight for investors.
Why It Matters - Evaluating BlackLine's quarterly performance against Wall Street estimates and prior year results provides insights into growth trends, market expectations, and potential investment risks.
Summary - BlackLine (BL) reported Q3 earnings of $0.60 per share, surpassing estimates of $0.52 and up from $0.51 per share year-over-year.
Why It Matters - BlackLine's earnings beat expectations and show year-over-year growth, indicating strong performance and potential for future gains, which can positively influence investor sentiment and stock price.
Summary - BlackLine (BL) is expected to report its Q3 2024 performance, with analysts focusing on key metrics beyond traditional revenue and earnings estimates for deeper insights.
Why It Matters - Assessing BlackLine's performance beyond standard estimates can reveal underlying trends and operational efficiency, influencing stock valuation and investor sentiment.