In a report released today, Patrick Walravens from JMP Securities upgraded BlackLine (BL – Research Report) to a Buy, with a price target of $81.00. The company’s shares closed yesterday at $60.84.
Walravens covers the Technology sector, focusing on stocks such as Sprinklr, Workday, and Vertex. According to TipRanks, Walravens has an average return of -6.9% and a 41.70% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for BlackLine with a $64.57 average price target.
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BL market cap is currently $3.8B and has a P/E ratio of 109.80.
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BlackLine (BL) Company Description:
BlackLine, Inc. operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance. The company was founded by Therese Tucker in May 2001 and is headquartered in Woodland Hills, CA.
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