BTIG Maintains Buy on BlackLine, Lowers Price Target to $70
Portfolio Pulse from jenniferd'souza@benzinga.com
BTIG analyst Matt VanVliet has maintained a 'Buy' rating on BlackLine (NASDAQ:BL) but lowered the price target from $80 to $70.
August 09, 2023 | 3:28 pm
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BlackLine's price target has been lowered from $80 to $70 by BTIG, though the 'Buy' rating is maintained.
The lowering of the price target by BTIG could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could offset the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100