Morgan Stanley comes away from BlackLine AI Day ‘increasingly confident’

Morgan Stanley attended BlackLine’s (BL) virtual AI Day and came away from the event “increasingly confident BlackLine is not only well positioned from an AI moat perspective but is also increasingly an AI beneficiary,” the analyst tells investors. The proliferation of AI and agents creates an explosion of financial risk surface area, which should be a structural tailwind for BlackLine, adds the analyst, who has an Overweight rating and $68 price target on the shares.