Providing a diverse range of perspectives from bullish to bearish, 9 analysts have published ratings on BlackLine BL in the last three months.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 3 | 5 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 0 | 0 |
| 2M Ago | 0 | 1 | 3 | 1 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Analysts have recently evaluated BlackLine and provided 12-month price targets. The average target is $66.0, accompanied by a high estimate of $86.00 and a low estimate of $50.00. Witnessing a positive shift, the current average has risen by 11.45% from the previous average price target of $59.22.
Analyzing Analyst Ratings: A Detailed Breakdown
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.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Steven Enders | Citigroup | Raises | Neutral | $73.00 | $64.00 |
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $86.00 | $81.00 |
| Brent Bracelin | Piper Sandler | Maintains | Neutral | $60.00 | $60.00 |
| Chris Quintero | Morgan Stanley | Raises | Overweight | $80.00 | $70.00 |
| Terry Tillman | Truist Securities | Raises | Hold | $60.00 | $55.00 |
| Brent Bracelin | Piper Sandler | Raises | Neutral | $60.00 | $51.00 |
| Terry Tillman | Truist Securities | Raises | Hold | $55.00 | $45.00 |
| Pinjalim Bora | JP Morgan | Raises | Underweight | $50.00 | $47.00 |
| Chris Quintero | Morgan Stanley | Raises | Overweight | $70.00 | $60.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to BlackLine. This information provides a snapshot of how analysts perceive 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.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of BlackLine's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on BlackLine analyst ratings.
About BlackLine
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.
Financial Insights: BlackLine
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: BlackLine displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 10.09%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: BlackLine's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.39% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.97%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.96%, the company showcases effective utilization of assets.
Debt Management: BlackLine's debt-to-equity ratio stands notably higher than the industry average, reaching 2.49. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
What Are Analyst Ratings?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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