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Blackline Inc

Blackline Inc Stock Forecast & Price Prediction

Live Blackline Inc Stock (BL) Price
$60.37

8

Ratings

  • Buy 6
  • Hold 2
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$60.37

P/E Ratio

66.34

Volume Traded Today

$1.3M

Dividend

Dividends not available for BL

52 Week High/low

69.31/43.37

Blackline Inc Market Cap

$3.75B

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BL Summary

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.

BL Analyst Ratings

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.

BL stock forecast by analyst

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

BL Company Information

What They Do: Provides cloud-based accounting and finance solutions.

Business Model: The company operates on a subscription-based model, offering various cloud-based solutions designed to automate and streamline accounting and finance operations. Revenue is generated primarily through direct sales to multinational corporations, large domestic enterprises, and mid-market companies across diverse industries, focusing on financial close management and compliance solutions.

Other Information: Founded in 2001 and headquartered in Woodland Hills, California, the company offers a comprehensive suite of tools including account reconciliations, transaction matching, financial reporting analytics, and compliance solutions. These tools facilitate efficient financial processes and enhance visibility and control over financial operations, making it an attractive investment for those interested in the growing field of financial technology.
BL
Blackline Inc (BL)

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

Blackline Inc (BL) Financial Data

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

$351.7M

Revenue From 2021

$425.7M

21.03 %
From Previous Year

Revenue From 2022

$522.9M

22.84 %
From Previous Year

Revenue From 2023

$590.0M

12.82 %
From Previous Year
  • Revenue TTM $639.6M
  • Operating Margin TTM 5.3%
  • Gross profit TTM $443.2M
  • Return on assets TTM -0.2%
  • Return on equity TTM 40.1%
  • Profit Margin 19.8%
  • Book Value Per Share 5.91%
  • Market capitalisation $3.75B
  • Revenue for 2021 $425.7M
  • Revenue for 2022 $522.9M
  • Revenue for 2023 $590.0M
  • EPS this year (TTM) $0.91

Blackline Inc (BL) Latest News

News Image

Thu, 07 Nov 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

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.

News Image

Thu, 07 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

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.

News Image

Thu, 07 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

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.

News Image

Thu, 07 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

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.

News Image

Thu, 07 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

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.

News Image

Wed, 06 Nov 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

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.

...

BL Frequently asked questions

The highest forecasted price for BL is $81 from Patrick Walravens at JMP Securities.

The lowest forecasted price for BL is $46 from Brent Bracelin from Keybanc

The BL analyst ratings consensus are 6 buy ratings, 2 hold ratings, and 0 sell ratings.