BlackLine, Inc. (BL)
NASDAQ: BL · IEX Real-Time Price · USD
60.83
+1.94 (3.29%)
Apr 26, 2024, 4:00 PM EDT - Market closed
BlackLine Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for BlackLine stock have an average target of 62.88, with a low estimate of 52 and a high estimate of 81. The average target predicts an increase of 3.37% from the current stock price of 60.83.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for BlackLine stock from 10 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 5 | 5 | 4 | 5 | 4 | 5 |
| Sell | 1 | 1 | 2 | 2 | 2 | 1 |
| Strong Sell | 1 | 0 | 1 | 1 | 1 | 1 |
| Total | 10 | 9 | 10 | 11 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold Maintains $66 → $63 | Hold | Maintains | $66 → $63 | +3.57% | Apr 23, 2024 |
| Piper Sandler | Piper Sandler | Sell → Hold Upgrades $55 → $62 | Sell → Hold | Upgrades | $55 → $62 | +1.92% | Apr 23, 2024 |
| Citigroup | Citigroup | Hold Maintains $57 → $66 | Hold | Maintains | $57 → $66 | +8.50% | Mar 27, 2024 |
| Wolfe Research | Wolfe Research | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Mar 18, 2024 |
| Baird | Baird | Buy Maintains $65 → $61 | Buy | Maintains | $65 → $61 | +0.28% | Feb 14, 2024 |
Financial Forecast
Revenue This Year
664.59M
from 590.00M
Increased by 12.64%
Revenue Next Year
731.22M
from 664.59M
Increased by 10.03%
EPS This Year
2.13
from 0.81
Increased by 163.54%
EPS Next Year
2.22
from 2.13
Increased by 3.89%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 680.9M | 763.6M | 872.5M | 1.1B |
| Avg | 664.6M | 731.2M | 814.7M | 1.1B |
| Low | 630.1M | 683.9M | 754.9M | 1.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 15.4% | 14.9% | 19.3% | 39.9% |
| Avg | 12.6% | 10.0% | 11.4% | 37.3% |
| Low | 6.8% | 2.9% | 3.2% | 30.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.22 | 2.45 | 2.63 |
| Avg | 2.13 | 2.22 | 2.39 |
| Low | 2.00 | 1.94 | 2.15 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 173.5% | 14.6% | 18.4% |
| Avg | 163.5% | 3.9% | 7.8% |
| Low | 146.8% | -9.1% | -3.2% |
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.