BlackLine price target raised to $65 from $55 at Truist

Truist analyst Terry Tillman raised the firm’s price target on BlackLine to $65 from $55 and keeps a Hold rating on the shares. The company’s Q4 results were "solid" with profit expansion and a "pragmatic" outlook for FY23, the analyst tells investors in a research note. The firm adds that while macro and currency issues continue to linger for BlackLine, its improved efficiency and platform strategy execution offer attractive potential upside drivers heading into 2023.