Piper Sandler lowered the firm’s price target on BlackLine to $55 from $60 and keeps an Underweight rating on the shares. The 2024 growth outlook of 9% at the midpoint suggests growth challenges remain, the firm says. Piper is lowering growth assumptions to 9% from 12% for 2024 but increasing EPS slightly as tight cost controls could further improve margins.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BL:
- BlackLine Announces Fourth Quarter and Full Year 2023 Financial Results
- BlackLine names Sumit Johar as chief information officer
- Is BL a Buy, Before Earnings?
- BlackLine Announces Date for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
- BlackLine price target lowered to $60 from $65 at Citi
