Citi lowered the firm’s price target on BlackLine to $58 from $70 and keeps a Buy rating on the shares. The firm enters Q1 earnings for the application software group “cautious with questions” on tariff exposure, deal delays, and currency impact to full-year outlooks. Citi’s chief investment officer survey shows a slight downtick in next 12 months budget growth and negative sentiment towards back-office projects from tariffs, the analyst tells investors in a research note. The firm sees the most near-term risk to BlackLine (BL) and OneStream (OS), saying deal delays will continue into Q2. Citi views Intapp (INTA) and Vertex (VERX) as most insulated from the macro environment.
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Read More on BL:
- BlackLine price target lowered to $65 from $80 at Morgan Stanley
- BlackLine price target lowered to $55 from $58 at DA Davidson
- BlackLine price target lowered to $40 from $55 at Truist
- BlackLine initiated with a Buy at DA Davidson
- BlackLine: A Buy Rating Amidst Transformation and Acquisition Potential
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