JMP Securities raised the firm’s price target on BlackLine (BL) to $86 from $81 and keeps an Outperform rating on the shares after attending the company’s annual Beyond the Black user conference. While many of its initiatives will take time to have a visible impact on the model, the firm continues to like BlackLine as an excellent opportunity for capital appreciation, as BlackLine offers a powerful suite of invoice-to-cash and record-to-report solutions that are now even easier for customers to access with Studio360, and it addresses a a large market opportunity estimated at $45B, the analyst tells investors in a research note.
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Read More on BL:
- BlackLine to host investor day
- BlackLine price target raised to $80 from $70 at Morgan Stanley
- Jana adds Lamb Weston during Q3, exits BlackLine
- BlackLine price target raised to $60 from $55 at Truist
- BlackLine’s Financial Challenges: Risks and Uncertainties Facing Investors
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
