BlackLine shares are trading higher after Piper Sandler upgraded the stock from Underweight to Neutral and raised its price target from $55 to $62.
Portfolio Pulse from Benzinga Newsdesk
BlackLine's stock price increased following an upgrade by Piper Sandler from Underweight to Neutral, with a new price target of $62, up from $55.
April 23, 2024 | 2:29 pm
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POSITIVE IMPACT
BlackLine's stock received a positive adjustment from Piper Sandler, moving from Underweight to Neutral with a raised price target from $55 to $62.
The upgrade by Piper Sandler to a Neutral rating from Underweight, along with an increased price target, suggests a positive reassessment of BlackLine's stock value and future performance. This typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90