9 analysts have expressed a variety of opinions on BlackLine BL over the past quarter, offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 2 | 5 | 2 | 0 |
| Last 30D | 0 | 0 | 0 | 1 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 2 | 3 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 1 | 0 |
Analysts have set 12-month price targets for BlackLine, revealing an average target of $64.89, a high estimate of $86.00, and a low estimate of $50.00. Marking an increase of 9.57%, the current average surpasses the previous average price target of $59.22.
Investigating Analyst Ratings: An Elaborate Study
The standing of BlackLine among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brent Bracelin | Piper Sandler | Maintains | Underweight | $60.00 | $60.00 |
| 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 |
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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of BlackLine compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of BlackLine's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of BlackLine's market standing. Stay informed and make data-driven decisions with 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.
BlackLine: A Financial Overview
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: BlackLine's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 10.09%. 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 10.39%. This signifies efficient cost management and strong financial health.
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): BlackLine's ROA excels beyond industry benchmarks, reaching 0.96%. This signifies efficient management of assets and strong financial health.
Debt Management: With a high debt-to-equity ratio of 2.49, BlackLine faces challenges in effectively managing its debt levels, indicating potential financial strain.
Analyst Ratings: Simplified
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
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.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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