Truist raised the firm’s price target on BlackLine (BL) to $50 from $45 and keeps a Hold rating on the shares. The company saw mixed Q2 results with top-line upside and some profitability and cash flow metrics coming below the firm’s estimates, though the quarter’s highlights also included increasing deal sizes, progressing go-to-market execution, and continued product innovation, the analyst tells investors in a research note.
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