In a report released today, Chris Quintero from Morgan Stanley maintained a Buy rating on BlackLine (BL – Research Report), with a price target of $80.00.
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Chris Quintero has given his Buy rating due to a combination of factors including improved fundamentals and potential for future growth. Despite facing challenges such as foreign exchange headwinds and slower deal velocity, BlackLine’s recent quarter is seen as a pivotal moment. The company has shown strong metrics in areas such as gross retention rates and record strategic product sales, indicating a positive trajectory.
Additionally, BlackLine’s pipeline boasts a record number of large deals, and its innovations over the past year have positioned it well to enhance sales conversations at higher levels of management. With expectations of accelerated growth in the latter half of 2025 and the stock trading at an attractive valuation, Quintero sees this as an opportune time for investment, particularly for those seeking a company with strong free cash flow growth potential.
In another report released today, JMP Securities also maintained a Buy rating on the stock with a $80.00 price target.