BlackLine price target raised to $45 from $40 at Truist

Truist raised the firm’s price target on BlackLine (BL) to $45 from $40 and keeps a Hold rating on the shares after its Q1 earnings beat. The quarter saw upside across bottom line metric, with increasing deal sizes, progressing go-to-market execution, improving implementation timelines, and deepening partnerships, the analyst tells investors in a research note.