BlackLine price target raised to $68 from $66 at BofA

BofA analyst Koji Ikeda raised the firm’s price target on BlackLine (BL) to $68 from $66 and keeps a Buy rating on the shares after Q2 revenue and non-GAAP operating income came in above the firm’s and Street estimates and revenue guidance was raised at the low-end. The firm believes “the fruits of nearly two years of hard work are beginning to show up,” which it adds “should result in more good results.”