BMO Capital lowered the firm’s price target on BlackLine (BL) to $44 from $52 and keeps a Market Perform rating on the shares after attending the company’s investor session, diving into their AI and agentic product strategy. BlackLine sees itself as strongly positioned to provide purpose-built agentic tools today and fully automated agentic workflows in the future, the analyst tells investors in a research note. With several agents in production and more coming, the impact on the financial model could be more evident as the year progresses, BMO added.
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