Morgan Stanley analyst Chris Quintero lowered the firm’s price target on BlackLine (BL) to $68 from $73 and keeps an Overweight rating on the shares. The firm adjusted estimates after the Q4 report.
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Read More on BL:
- BlackLine Earnings Call Shows Strength Amid Mixed Signals
- BlackLine: Solid Q4 Beat, Strengthening Growth Outlook, and Improving Profitability Support Buy Rating
- BlackLine price target lowered to $50 from $55 at Baird
- BlackLine price target lowered to $60 from $70 at Citi
- Hold Rating Maintained as Improving Fundamentals Appear Largely Priced Into BlackLine’s Valuation