Piper Sandler lowered the firm’s price target on BlackLine (BL) to $35 from $50 and keeps a Neutral rating on the shares. The firm says 2026 “has been rough for enterprise software.” As the frontier model providers “move up the stack” and compete with incumbents for IT budgets, investors are reassessing terminal multiples, the analyst tells investors in a research note. Piper lowered multiples in the group ahead of Q1 earnings and downgraded three names
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BL:
- BlackLine founder Therese Tucker to retire
- BlackLine price target lowered to $44 from $52 at BMO Capital
- Morgan Stanley comes away from BlackLine AI Day ‘increasingly confident’
- BlackLine Expands Share Repurchase Authorization, Emphasizing Capital Returns
- Fivespan reported 5.1% stake in BlackLine, expects talks ‘from time to time’