Throughout the last three months, 10 analysts have evaluated BlackLine BL, offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 3 | 2 | 3 | 2 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 2 | 2 | 2 |
| 3M Ago | 0 | 1 | 0 | 1 | 0 |
Analysts have set 12-month price targets for BlackLine, revealing an average target of $62.0, a high estimate of $81.00, and a low estimate of $52.00. Observing a 3.33% increase, the current average has risen from the previous average price target of $60.00.
Investigating Analyst Ratings: An Elaborate Study
The perception of BlackLine by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Rob Oliver | Baird | Lowers | Outperform | $61.00 | $65.00 |
| Pinjalim Bora | JP Morgan | Lowers | Underweight | $52.00 | $55.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $81.00 | - |
| Steven Enders | Citigroup | Lowers | Neutral | $57.00 | $60.00 |
| Brent Bracelin | Piper Sandler | Lowers | Underweight | $55.00 | $60.00 |
| Pinjalim Bora | JP Morgan | Maintains | Market Perform | $81.00 | $81.00 |
| Adam Hotchkiss | Goldman Sachs | Raises | Sell | $54.00 | $49.00 |
| Adam Hotchkiss | Goldman Sachs | Raises | Sell | $54.00 | $49.00 |
| Rob Oliver | Baird | Lowers | Outperform | $65.00 | $68.00 |
| Brent Bracelin | Piper Sandler | Raises | Underweight | $60.00 | $53.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to BlackLine. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of BlackLine compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of BlackLine's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into BlackLine's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on BlackLine analyst ratings.
Discovering BlackLine: A Closer Look
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 Financial Performance
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: BlackLine's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 11.27%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: BlackLine's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 14.17%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): BlackLine's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 9.26%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): BlackLine's ROA excels beyond industry benchmarks, reaching 1.07%. 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 5.41, caution is advised due to increased financial risk.
How Are Analyst Ratings Determined?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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