On Tuesday, the Vetr crowd upgraded their rating for Blackline Inc BL from 3.5 stars (Buy), issued 13 days ago, to 5 stars (Strong Buy). At the time of the upgrade, crowd sentiment for Blackline was unanimously positive, with 100 percent of Vetr user ratings bullish.
The Vetr upgrade comes after Blackline released its Q4 earnings on February 23. The financial software company beat an adjusted sales estimate of $35.5 million, but missed a $0.12 EPS estimate by $0.04.
Share price in Blackline spiked more than 6 percent following the release, but has receded below its February 23 closing price to around $28.50 near the close of the month.
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Currently, the Vetr crowd's average target price for the stock is up at $35.26. Less than 2 percent of Vetr users are holding BL in their watch lists.
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