BlackLine shares are trading lower after the company reported Q2 financial results and issued FY23 guidance. Additionally, BTIG and Piper Sandler lowered their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
BlackLine reported Q2 financial results and issued FY23 guidance, which led to a decrease in its stock price. BTIG and Piper Sandler also lowered their price targets on the stock.
August 09, 2023 | 4:02 pm
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BlackLine's stock price decreased following the release of its Q2 financial results and FY23 guidance. The price targets were also lowered by BTIG and Piper Sandler.
The decrease in BlackLine's stock price is directly related to the company's Q2 financial results and FY23 guidance. The lowering of price targets by BTIG and Piper Sandler also negatively impacts investor sentiment, leading to a potential further decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100