From what 8 stock analysts predict, the share price for Blackline Inc (BL) might increase by 9.1% in the next year. This is based on a 12-month average estimation for BL. Price targets go from $50.00 to $81.00. 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 3 buy ratings, 3 hold ratings, and 2 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.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
brent bracelin Piper Sandler | Sell | $55.0 | maintained | Feb 14, 2024 |
patrick walravens JMP Securities | Buy | $81.0 | upgraded | Feb 14, 2024 |
robert oliver Robert W. Baird | Buy | $61.0 | reiterated | Feb 14, 2024 |
chris quintero Morgan Stanley | Hold | $60.0 | maintained | Feb 14, 2024 |
koji ikeda Bank of America Securities | Sell | $50.0 | reiterated | Feb 13, 2024 |
steve enders Citi | Hold | $57.0 | reiterated | Feb 13, 2024 |
adam hotchkiss Goldman Sachs | Sell | None | maintained | Feb 9, 2024 |
terry tillman Truist Financial | Hold | $60.0 | maintained | Jan 3, 2024 |
matthew vanvliet BTIG | Buy | $71.0 | maintained | Jan 1, 2024 |
daniel jester BMO Capital | Hold | $59.0 | rated | Nov 3, 2023 |
pinjalim bora J.P. Morgan | Sell | $47.0 | maintained | Nov 3, 2023 |
matthew pfau William Blair | Buy | None | maintained | Nov 3, 2023 |
matt stotler William Blair | Buy | None | maintained | Sep 15, 2023 |
andrew degasperi Berenberg Bank | Hold | $53.0 | maintained | Aug 25, 2023 |
joseph meares Truist Financial | Hold | $65.0 | maintained | Feb 15, 2023 |
alexander sklar Raymond James | Hold | None | reiterated | Feb 14, 2023 |
frederick lee Credit Suisse | Hold | $75.0 | initiatedcoverage | Sep 23, 2022 |
josh beck KeyBanc | Hold | None | downgraded | Jan 25, 2022 |
ray mcdonough Oppenheimer | Buy | $140.0 | maintained | Nov 5, 2021 |
brian schwartz Oppenheimer | Buy | $130.0 | maintained | Aug 6, 2021 |
BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. It offers financial close management solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching that analyzes and reconciles high volumes of individual transactions; and task management to create and manage processes and task lists. The company's financial close management solutions also include journal entry that allows users to generate, review, and post manual journal entries; variance analysis that monitors and identifies anomalous fluctuations in balance sheet and income statement account balances; consolidation integrity manager that manages the automated system-to-system tie-out process that occurs during the consolidation phase of the financial close; and compliance, an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing. In addition, it offers accounts receivable automation solutions, which include blackline cash application, credit and risk management, collections management, disputes and deductions, team and task management, and AR intelligence solutions. Further, the company provides intercompany create functionality that stores permissions and business logic exceptions by entity, service, and transaction type thereby ensuring both the seller and the buyer of the intercompany transaction are authorized to conduct business; intercompany processing, which records an organization's intercompany transactions; and netting and settlement that generates a real-time settlement matrix, which shows the balance of transactions. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises, and mid-market companies across various industries. BlackLine, Inc. was incorporated in 2001 and is headquartered in Woodland Hills, California.
When did it IPO
2016
Staff Count
1,814
Country
United States
Sector/Industry
Technology/Software—Application
CEO
Mr. Owen M. Ryan
Market Cap
$3.45B
In 2023, BL generated $0 in revenue, which was a increase of 0.00% 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 2019
Revenue From 2020
Revenue From 2021
Revenue From 2022
$68.13
ALRM-USD
$69.98
ITRI-USD
$75.4
RELY-USD
$18.38
MQ-USD
$6.52
$12.39