JMP Securities Maintains Market Outperform on BlackLine, Lowers Price Target to $81
Portfolio Pulse from richadhand@benzinga.com
JMP Securities analyst Patrick Walravens maintains a Market Outperform rating on BlackLine (NASDAQ:BL) but lowers the price target from $87 to $81.

August 09, 2023 | 5:01 pm
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BlackLine's price target has been lowered from $87 to $81 by JMP Securities, though the Market Outperform rating is maintained.
The lowering of the price target by JMP Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Market Outperform rating indicates that the analyst still sees potential upside for the stock, which could counterbalance the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100