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BlackLine Inc has a consensus price target of $64.92 based on the ratings of 16 analysts. The high is $86 issued by JMP Securities on November 22, 2024. The low is $50 issued by JP Morgan on October 25, 2024. The 3 most-recent analyst ratings were released by Citigroup, JMP Securities, and Piper Sandler on December 16, 2024, November 22, 2024, and November 20, 2024, respectively. With an average price target of $73 between Citigroup, JMP Securities, and Piper Sandler, there's an implied 15.09% upside for BlackLine Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for BlackLine (NASDAQ:BL) was reported by Citigroup on December 16, 2024. The analyst firm set a price target for $73.00 expecting BL to rise to within 12 months (a possible 15.09% upside). 34 analyst firms have reported ratings in the last year.
The latest analyst rating for BlackLine (NASDAQ:BL) was provided by Citigroup, and BlackLine maintained their neutral rating.
The last upgrade for BlackLine Inc happened on September 30, 2024 when Morgan Stanley raised their price target to $70. Morgan Stanley previously had an equal-weight for BlackLine Inc.
The last downgrade for BlackLine Inc happened on February 14, 2024 when William Blair changed their price target from N/A to N/A for BlackLine Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of BlackLine, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for BlackLine was filed on December 16, 2024 so you should expect the next rating to be made available sometime around December 16, 2025.
While ratings are subjective and will change, the latest BlackLine (BL) rating was a maintained with a price target of $64.00 to $73.00. The current price BlackLine (BL) is trading at is $63.43, which is out of the analyst’s predicted range.
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