BlackLine assumed with a Neutral at DA Davidson

DA Davidson assumed coverage of BlackLine (BL) with a Neutral rating and $56 price target The company’s Q3 results were largely in-line with consensus, though guidance for the year was reduced due to headwinds around churn, the analyst tells investors in a research note. The management also remained optimistic providing preliminary FY26 commentary that calls for accelerating revenue growth based on the adoption of the platform pricing model and a strong pipeline, the firm added.