Goldman Sachs Maintains Sell on BlackLine, Raises Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Adam Hotchkiss has maintained a Sell rating on BlackLine (NASDAQ:BL) but increased the price target from $49 to $54.
January 23, 2024 | 1:51 pm
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Goldman Sachs reaffirms Sell rating on BlackLine, but raises price target from $49 to $54, indicating a potential downside from current levels.
The reaffirmation of the Sell rating suggests that Goldman Sachs believes the stock may not perform well in the near term. However, the increase in the price target could imply that the downside risk may be less severe than previously thought, or that the stock's market conditions have slightly improved. The mixed message may lead to short-term uncertainty among investors.
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