BlackLine (BL) Receives a Rating Update from a Top Analyst
In a report released yesterday, Robert Oliver from Robert W. Baird maintained a Buy rating on BlackLine (BL), with a price target of $150.00. The company’s shares closed last Tuesday at $123.00.
According to TipRanks.com, Oliver is a top 100 analyst with an average return of 39.5% and a 84.1% success rate. Oliver covers the Technology sector, focusing on stocks such as Aspen Technology, SolarWinds, and PagerDuty.
BlackLine has an analyst consensus of Moderate Buy, with a price target consensus of $152.57, which is a 27.0% upside from current levels. In a report issued on February 12, Oppenheimer also assigned a Buy rating to the stock with a $160.00 price target.
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The company has a one-year high of $154.61 and a one-year low of $38.32. Currently, BlackLine has an average volume of 554K.
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BlackLine, Inc. operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance. The company was founded by Therese Tucker in May 2001 and is headquartered in Woodland Hills, CA.