Piper Sandler lowered the firm’s price target on BlackLine (BL) to $58 from $60 and keeps an Underweight rating on the shares. The firm says that eroding Q4 metrics exacerbated by FX and increasing deal scrutiny combined with a tepid 2025 outlook that was $10M below consensus on 7.4% mid-point growth suggest further growth challenges lie ahead to the BlackLine model.
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Read More on BL:
- Positive Outlook on BlackLine Despite Short-Term Challenges: Strategic Partnerships and Pricing Model Shift Highlight Growth Potential
- BlackLine price target lowered to $70 from $73 at Citi
- Analyst Sees Investment Opportunity in BlackLine Amid Mixed Q4 Results and Long-term Growth Potential
- BlackLine price target lowered to $80 from $86 at JMP Securities
- BlackLine Reports Strong 2024 Earnings Growth