DA Davidson raised the firm’s price target on BlackLine (BL) to $56 from $55 and keeps a Buy rating on the shares. The company’s Q1 datapoints were better than feared, namely the absence of tariff impacts to demand and clear progress with several key initiatives, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BL:
- BlackLine price target raised to $50 from $46 at Piper Sandler
- 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