DA Davidson assumed coverage of BlackLine (BL) with a Neutral rating and $56 price target Q2 revenue mildly beat expectations as go-to-market investments are “producing signs of strength in the pipeline,” the analyst tells investors. The firm also notes that it was announced in conjunction with earnings that founder and Co-CEO Therese Tucker will be transitioning away from the Co-CEO role effective October 1.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BL: