Baird analyst Rob Oliver lowered the firm’s price target on BlackLine (BL) to $50 from $55 and keeps a Neutral rating on the shares. The firm updated its model following Q4 results which showed encouraging signals and platform pricing traction.
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:
- BlackLine price target lowered to $60 from $70 at Citi
- Hold Rating Maintained as Improving Fundamentals Appear Largely Priced Into BlackLine’s Valuation
- BlackLine reports Q4 non-GAAP EPS 63c, consensus 59c
- BlackLine sees Q1 non-GAAP EPS 44c-46c, consensus 55c
- BlackLine sees Q1 revenue $180M-$182M, consensus $181.37M