5 Analysts Assess BlackLine: What You Need To Know
Portfolio Pulse from Benzinga Insights
Five analysts have recently updated their ratings on BlackLine (NASDAQ:BL), with a mix of bullish to bearish sentiments. The average 12-month price target is now $62.6, up from $56.67, with a high estimate of $81.00 and a low of $53.00. Analyst actions include adjustments to ratings and price targets, reflecting changes in market dynamics and company performance. BlackLine, a SaaS provider for financial accounting solutions, shows strong financial health with a 12.24% revenue growth rate, a net margin of 7.91%, and an ROE of 6.08%, but faces challenges with a high debt-to-equity ratio of 6.54.
January 23, 2024 | 2:00 pm
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NEUTRAL IMPACT
Analysts have mixed views on BlackLine, with an updated average price target of $62.6, indicating a potential upside. The company's strong financial performance may positively influence the stock, but a high debt-to-equity ratio could be a concern for investors.
The mixed analyst ratings with an increased average price target suggest a neutral to positive outlook for BlackLine's stock in the short term. The company's strong revenue growth and profitability metrics are encouraging, but the high debt-to-equity ratio presents a risk that could temper investor enthusiasm. The score is neutral due to these offsetting factors.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100