BlackLine price target raised to $71 from $65 at BTIG

BTIG raised the firm’s price target on BlackLine to $71 from $65 and keeps a Buy rating on the shares as part of a broader research note previewing the Software space in 2024. In Application Software, the firm is citing its growing optimism around 2024 returning to growth, with key platforms likely to outperform projections for topline growth through improving sales execution and focusing on more refined core operating strategies, the analyst tells investors in a research note.