Piper Sandler analyst Brent Bracelin raised the firm’s price target on BlackLine (BL) to $50 from $46 and keeps a Neutral rating on the shares. The firm says Q1 results were better-than-feared. That said, the overall growth rate slowed to 6% year-over-year, which was the lowest in more than a decade for this accounting SaaS pioneer that was part of the IPO Class of 2016. Piper recommends small-cap growth investors remain on the sidelines despite increasing possibility that this $600M-plus ARR model with 25%-plus free cash flow margins could attract a financial buyer.
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Read More on BL:
- BlackLine’s Strong Performance and Future Potential Justify Buy Rating
- BlackLine Reports Solid Q1 2025 Financial Results
- BlackLine’s Strong Q1 Performance and Strategic Adjustments Justify Hold Rating Amid Cautious 2025 Outlook
- BlackLine reports Q1 EPS 49c, consensus 38c
- BlackLine sees Q2 EPS 51c-53c, consensus 48c
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