BlackLine, Inc. (BL)
NASDAQ: BL · Real-Time Price · USD
61.40
+2.87 (4.90%)
Nov 21, 2024, 1:19 PM EST - Market open
BlackLine Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for BlackLine stock have an average target of 63.6, with a low estimate of 50 and a high estimate of 81. The average target predicts an increase of 3.58% from the current stock price of 61.40.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for BlackLine stock from 12 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Hold | 6 | 6 | 7 | 6 | 6 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 11 | 11 | 12 | 12 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy Maintains $70 → $80 | Buy | Maintains | $70 → $80 | +30.29% | Nov 15, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $55 → $60 | Hold | Maintains | $55 → $60 | -2.28% | Nov 11, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $51 → $60 | Hold | Maintains | $51 → $60 | -2.28% | Nov 8, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $45 → $55 | Hold | Maintains | $45 → $55 | -10.42% | Oct 31, 2024 |
| JP Morgan | JP Morgan | Sell Maintains $47 → $50 | Sell | Maintains | $47 → $50 | -18.57% | Oct 25, 2024 |
Financial Forecast
Revenue This Year
668.86M
from 590.00M
Increased by 13.37%
Revenue Next Year
732.67M
from 668.86M
Increased by 9.54%
EPS This Year
2.21
from 0.81
Increased by 171.34%
EPS Next Year
2.28
from 2.21
Increased by 3.33%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 684.1M | 761.1M | 862.8M | |
| Avg | 668.9M | 732.7M | 811.0M | |
| Low | 636.0M | 688.2M | 759.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 16.0% | 13.8% | 17.8% | |
| Avg | 13.4% | 9.5% | 10.7% | |
| Low | 7.8% | 2.9% | 3.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.30 | 2.49 | 2.94 |
| Avg | 2.21 | 2.28 | 2.57 |
| Low | 2.04 | 2.02 | 2.19 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 183.0% | 12.9% | 29.0% |
| Avg | 171.3% | 3.3% | 12.9% |
| Low | 150.8% | -8.4% | -4.0% |
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.