Wolfe Research initiated coverage of BlackLine with a Peer Perform rating and fair value range of $56-$74. The analyst sees opportunity for BlackLine to “reinvigorate growth,” but says its operational and strategic changes will take time and come with inherent execution risk. As such, the firm waits for evidence of traction.
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Read More on BL:
- S&P announces changes to S&P 600 index at open on 3/18
- BlackLine Announces Participation in Upcoming Investor Conferences
- BlackLine’s New Accounting & Financial Operations Risk – A Cause for Worry?
- BlackLine price target lowered to $55 from $60 at Piper Sandler
- William Blair downgrades BlackLine on lack of growth visibility
