Decoding 5 Analyst Evaluations For BlackLine
Portfolio Pulse from Benzinga Insights
Analysts' ratings for BlackLine (NASDAQ:BL) over the last quarter vary from bullish to bearish. The average 12-month price target has decreased by 10.62% to $57.2. Key analysts have lowered their ratings and price targets, reflecting changes in market conditions and company performance. BlackLine has shown positive revenue growth and strong profitability but faces challenges in debt management.
August 07, 2024 | 1:01 pm
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NEGATIVE IMPACT
Analysts' ratings for BlackLine (NASDAQ:BL) over the last quarter vary from bullish to bearish. The average 12-month price target has decreased by 10.62% to $57.2. Key analysts have lowered their ratings and price targets, reflecting changes in market conditions and company performance.
The decrease in the average 12-month price target and the lowering of ratings by key analysts indicate a negative sentiment towards BlackLine's stock in the short term. This is likely to put downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100