BlackLine price target lowered to $70 from $73 at Citi

Citi lowered the firm’s price target on BlackLine (BL) to $70 from $73 and keeps a Buy rating on the shares. The company reported a weaker Q4 with a combination of currency, deal pushouts, and some user seat attrition driving a billings miss, below consensus 2025 growth guidance, and slower growth in Q1, the analyst tells investors in a research note. While Citi was hoping for faster contribution from the re-vamped SAP partnership, it views this primarily as a timing issue and sees any share price weakness as an “enhanced buying opportunity.”