5 Analysts Assess BlackLine: What You Need To Know

Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on BlackLine BL in the last three months.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

In the assessment of 12-month price targets, analysts unveil insights for BlackLine, presenting an average target of $62.6, a high estimate of $81.00, and a low estimate of $53.00. Marking an increase of 10.46%, the current average surpasses the previous average price target of $56.67.

Decoding Analyst Ratings: A Detailed Look

The perception of BlackLine by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to BlackLine. This offers insight into analysts' perspectives on the current state of the company.
• Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of BlackLine compared to the broader market.
• Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of BlackLine's stock. This examination reveals shifts in analysts' expectations over time.

For valuable insights into BlackLine's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on BlackLine analyst ratings.

Get to Know BlackLine Better

BlackLine Inc is engaged in providing financial accounting close solutions delivered as Software as a Service (SaaS). The Company's solutions enable its customers to address various aspects of their financial close process including account reconciliations, variance analysis of account balances, journal entry capabilities, and certain types of data matching capabilities. The majority of the revenue of the company is earned in the United States.

A Deep Dive into BlackLine's Financials

Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.

Revenue Growth: BlackLine's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 12.24%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: BlackLine's net margin excels beyond industry benchmarks, reaching 7.91%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): BlackLine's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.08% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): BlackLine's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.6% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 6.54, caution is advised due to increased financial risk.

Analyst Ratings: What Are They?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

This article was generated by Benzinga's automated content engine and reviewed by an editor.