In a report released today, Patrick Walravens from JMP Securities maintained a Buy rating on BlackLine (BL – Research Report), with a price target of $81.00. The company’s shares closed yesterday at $60.43.
According to TipRanks, Walravens is an analyst with an average return of -7.6% and a 37.47% success rate. Walravens covers the Technology sector, focusing on stocks such as Datadog, ZoomInfo Technologies, and Alkami Technology.
Currently, the analyst consensus on BlackLine is a Hold with an average price target of $61.11.
BL market cap is currently $3.73B and has a P/E ratio of 86.73.
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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.
Read More on BL:
- BlackLine appoints Jimmy Duan as Chief Customer Officer
- BlackLine Announces Date for First Quarter 2024 Earnings Release and Conference Call
- BlackLine price target lowered to $63 from $66 at Citi
- BlackLine upgraded to Neutral from Underweight at Piper Sandler
- BlackLine appoints Jeremy Ung as Chief Technology Officer
