BlackLine, Inc. (BL)
NASDAQ: BL · IEX Real-Time Price · USD
46.77
+0.18 (0.39%)
At close: Jul 19, 2024, 4:00 PM
46.71
-0.06 (-0.13%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
BlackLine Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for BlackLine stock have an average target of 62.78, with a low estimate of 52 and a high estimate of 81. The average target predicts an increase of 34.23% from the current stock price of 46.77.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for BlackLine stock from 11 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 5 | 4 | 5 | 6 | 6 | 6 |
| Sell | 2 | 2 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 11 | 10 | 10 | 11 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Hold Maintains $62 → $55 | Hold | Maintains | $62 → $55 | +17.60% | Jul 12, 2024 |
| Citigroup | Citigroup | Hold Maintains $62 → $54 | Hold | Maintains | $62 → $54 | +15.46% | Jun 28, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $65 → $67 | Hold | Maintains | $65 → $67 | +43.25% | May 8, 2024 |
| Baird | Baird | Buy Maintains $61 → $72 | Buy | Maintains | $61 → $72 | +53.94% | May 8, 2024 |
| Citigroup | Citigroup | Hold Maintains $66 → $63 | Hold | Maintains | $66 → $63 | +34.70% | Apr 23, 2024 |
Financial Forecast
Revenue This Year
665.45M
from 590.00M
Increased by 12.79%
Revenue Next Year
730.52M
from 665.45M
Increased by 9.78%
EPS This Year
2.24
from 0.81
Increased by 176.93%
EPS Next Year
2.31
from 2.24
Increased by 2.77%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 680.4M | 760.2M | 865.0M | 928.2M |
| Avg | 665.5M | 730.5M | 815.2M | 910.5M |
| Low | 631.4M | 685.3M | 757.1M | 866.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 15.3% | 14.2% | 18.4% | 13.9% |
| Avg | 12.8% | 9.8% | 11.6% | 11.7% |
| Low | 7.0% | 3.0% | 3.6% | 6.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.31 | 2.51 | 2.72 |
| Avg | 2.24 | 2.31 | 2.50 |
| Low | 2.09 | 2.04 | 2.26 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 185.2% | 11.8% | 18.0% |
| Avg | 176.9% | 2.8% | 8.6% |
| Low | 157.7% | -9.1% | -1.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.