Providing a diverse range of perspectives from bullish to bearish, 10 analysts have published ratings on BlackLine BL in the last three months.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 4 | 1 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 1 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 2 | 3 | 0 | 0 |
Analysts have set 12-month price targets for BlackLine, revealing an average target of $71.3, a high estimate of $86.00, and a low estimate of $60.00. Witnessing a positive shift, the current average has risen by 9.69% from the previous average price target of $65.00.
Investigating Analyst Ratings: An Elaborate Study
A comprehensive examination of how financial experts perceive BlackLine is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Koji Ikeda | B of A Securities | Raises | Buy | $75.00 | $50.00 |
| Steven Enders | Citigroup | Maintains | Buy | $73.00 | $73.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $86.00 | $86.00 |
| Brent Bracelin | Piper Sandler | Maintains | Underweight | $60.00 | $60.00 |
| Steven Enders | Citigroup | Raises | Neutral | $73.00 | $64.00 |
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $86.00 | $81.00 |
| Brent Bracelin | Piper Sandler | Maintains | Neutral | $60.00 | $60.00 |
| Chris Quintero | Morgan Stanley | Raises | Overweight | $80.00 | $70.00 |
| Terry Tillman | Truist Securities | Raises | Hold | $60.00 | $55.00 |
| Brent Bracelin | Piper Sandler | Raises | Neutral | $60.00 | $51.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to BlackLine. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of BlackLine compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of BlackLine's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into BlackLine's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on BlackLine analyst ratings.
About BlackLine
BlackLine Inc is engaged in providing financial accounting close solutions delivered as Software as a Service (SaaS). The Company's solutions enable its customers to address various aspects of their financial close process including account reconciliations, variance analysis of account balances, journal entry capabilities, and certain types of data matching capabilities. The majority of the revenue of the company is earned in the United States.
BlackLine's Economic Impact: An Analysis
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: BlackLine's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 10.09%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: BlackLine's net margin is impressive, surpassing industry averages. With a net margin of 10.39%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.97%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): BlackLine's ROA excels beyond industry benchmarks, reaching 0.96%. This signifies efficient management of assets and strong financial health.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 2.49, caution is advised due to increased financial risk.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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