BlackLine (BL) Stock Forecast & Price Target

$47.82

+0.31 (+0.65%)

(As of 07/26/2024 ET)

BlackLine - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 12 Analyst Ratings

Based on 12 Wall Street analysts who have issued ratings for BlackLine in the last 12 months, the stock has a consensus rating of "Hold." Out of the 12 analysts, 2 have given a sell rating, 7 have given a hold rating, and 3 have given a buy rating for BL.

Consensus Price Target

$62.78
31.28% Upside

High Forecast	$81.00
Average Forecast	$62.78
Low Forecast	$52.00

According to the 12 analysts' twelve-month price targets for BlackLine, the average price target is $62.78. The highest price target for BL is $81.00, while the lowest price target for BL is $52.00. The average price target represents a forecasted upside of 31.28% from the current price of $47.82.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$62.78	$64.56	$62.20	$63.30
Forecasted Upside	31.28% Upside	10.95% Upside	9.11% Upside	6.55% Upside

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BL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

BlackLine Stock vs. The Competition

Type	BlackLine	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.08	2.61	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	31.28% Upside	554.01% Upside	9.14% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/15/2024	JMP Securities 2 of 5 stars		Reiterated Rating	Market Outperform ➝ Market Outperform	$81.00 ➝ $81.00	+68.47%
7/12/2024	Piper Sandler 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$62.00 ➝ $55.00	+14.85%
6/28/2024	Citigroup 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$62.00 ➝ $54.00	+11.46%
5/8/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$65.00 ➝ $67.00	+7.77%
5/8/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$61.00 ➝ $72.00	+19.15%
5/7/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Roberge Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
Get the Latest News and Ratings for BL and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for BlackLine and its competitors with MarketBeat's FREE daily newsletter.
3/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Peer Perform
2/14/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$55.00 ➝ $52.00	-9.30%
1/23/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$49.00 ➝ $54.00	-11.18%
9/19/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold ➝ Hold	$60.00	+9.23%
9/18/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight
8/9/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$80.00 ➝ $70.00	+36.35%
10/19/2022	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$60.00	-1.62%
9/23/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$75.00	+24.09%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:24 AM ET.

BL Forecast - Frequently Asked Questions

What is BlackLine's forecast for 2024?: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for BlackLine is $62.78, with a high forecast of $81.00 and a low forecast of $52.00.
Should I buy or sell BlackLine stock right now?: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BL, but not buy additional shares or sell existing shares.
Does BlackLine's stock price have much upside?: According to analysts, BlackLine's stock has a predicted upside of 14.97% based on their 12-month stock forecasts.
Has BlackLine been upgraded by Wall Street analysts recently?: Over the previous 90 days, BlackLine's stock had 1 upgrade by analysts.
What analysts cover BlackLine?: BlackLine has been rated by research analysts at BMO Capital Markets, Citigroup, JMP Securities, Piper Sandler, Robert W. Baird, and William Blair in the past 90 days.
Do Wall Street analysts like BlackLine more than its competitors?: Analysts like BlackLine less than other "computer and technology" companies. The consensus rating for BlackLine is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how BL compares to other companies.