BlackLine Inc (BL) Gets a Buy Rating from KeyBanc


KeyBanc analyst Brent Bracelin reiterated a Buy rating on BlackLine Inc (NASDAQ: BL) yesterday and set a price target of $65. The company’s shares closed yesterday at $47.01.

Bracelin wrote:

“We are raising our estimates slightly and maintain an Overweight stance on BL. Key Investment Points Results: Profitability upside as subscription grows 31% y/y.”

According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 20.8% and a 72.9% success rate. Bracelin covers the Technology sector, focusing on stocks such as Salesforce.com, Everbridge Inc, and Ellie Mae Inc.

Currently, the analyst consensus on BlackLine Inc is a Strong Buy with an average price target of $58.33.

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The company has a one-year high of $58.11 and a one-year low of $31.53. Currently, BlackLine Inc has an average volume of 403.7K.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

BlackLine, Inc. provides financial close automation software solutions to the SAP market. It offers finance controls and automation and unified cloud for finance and accounting. The company was founded by Therese Tucker in May 2001 and is headquartered in Woodland Hills, CA.

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