Citi analyst Steven Enders raised the firm’s price target on BlackLine (BL) to $67 from $58 and keeps a Buy rating on the shares as part of a Q2 preview for the application software. The firm sees achievable estimates with a relatively low bar heading into earnings.
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 Appoints Sam Balaji to Board of Directors
- Stable Outlook for BlackLine Amid Strategic Transitions and Positive Customer Reception
- BlackLine initiated with a Neutral at Cantor Fitzgerald
- BlackLine’s Strategic Positioning and Growth Potential Drive Buy Rating with $66 Price Target
- BlackLine’s Hold Rating: Adjustments in Free Cash Flow Estimates Amid Capitalized Software Costs