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BlackLine (BL) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

BL Stock Forecast

BlackLine (BL) stock forecast, based on 6 Wall Street analysts, predicts a 12-month average price target of $60.75, with a high of $70.00 and a low of $51.00. This represents a -3.40% decline from the last price of $62.89.

$45 $50 $55 $60 $65 $70 High: $70 Avg: $60.75 Low: $51 Last Closed Price: $62.89

BL Stock Rating

BlackLine stock's rating consensus is Buy, based on 6 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 3 Buy (50.00%), 3 Hold (50.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 6 0 3 3 Strong Sell Sell Hold Buy Strong Buy

BL Forecast vs Benchmarks

TypeNameUpside
StockBlackLine-3.40%
SectorTechnology Stocks 13.03%
IdeaSaaS Stocks List17.20%

Price Target Trends

1M3M12M
# Anlaysts-16
Avg Price Target-$57.00$60.00
Last Closing Price$62.89$62.89$62.89
Upside/Downside--9.37%-4.60%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25227-415
Dec, 24217-313
Nov, 24247-316
Oct, 242483320
Sep, 242483320
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 08, 2024Daniel JesterBMO Capital$57.00$60.37-5.58%-9.37%
Sep 30, 2024Chris QuinteroMorgan Stanley$70.00$54.3328.84%11.31%
Aug 07, 2024Rob OliverRobert W. Baird$65.00$47.9935.44%3.36%
Aug 07, 2024Brent BracelinPiper Sandler$51.00$44.0915.67%-18.91%
Jul 12, 2024Brent BracelinPiper Sandler$55.00$47.8914.85%-12.55%
Apr 23, 2024Brent BracelinPiper Sandler$62.00$58.396.18%-1.42%
Jan 09, 2023Piper Sandler$66.00$69.02-4.38%4.95%
May 06, 2022Matt VanVlietBTIG$95.00$62.4552.12%51.06%
Apr 20, 2022JMP Securities$112.00$69.2761.69%78.09%
Nov 05, 2021Ray McDonoughOppenheimer$140.00$129.378.22%122.61%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Nov 08, 2024BMO CapitalMarket PerformMarket Performhold
Nov 08, 2024CitigroupNeutralNeutralhold
Sep 30, 2024Sandler O'NeillBuyBuyhold
Sep 30, 2024Morgan StanleyOverweightupgrade
Aug 07, 2024Sandler O'NeillMarket OutperformMarket Outperformhold
Aug 07, 2024Piper SandlerNeutralNeutralhold
Jul 12, 2024Piper SandlerNeutralNeutralhold
Apr 23, 2024Sandler O'NeillNeutralNeutralhold
Apr 23, 2024Piper SandlerMarket PerformNeutralupgrade
Mar 18, 2024Sandler O'NeillNeutralNeutralhold

Financial Forecast

EPS Forecast

$-2 $-1 $0 $1 $2 $3 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$-0.69$-1.73$-0.57$0.87----
Avg Forecast$0.62$0.62$0.46$1.81$2.18$2.27$2.55-
High Forecast$0.61$0.61$0.45$1.79$2.16$2.09$2.46-
Low Forecast$0.62$0.62$0.46$1.82$2.20$2.36$2.65-
Surprise %-211.29%-379.03%-223.91%-51.93%----

Revenue Forecast

$300M $470M $640M $810M $980M $1B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$351.74M$425.71M$522.94M$590.00M----
Avg Forecast$348.01M$424.24M$522.48M$588.59M$652.06M$710.95M$785.87M$1.09B
High Forecast$345.93M$421.71M$517.18M$588.36M$651.65M$704.94M$785.06M$1.07B
Low Forecast$350.98M$427.86M$529.67M$588.88M$652.29M$724.84M$786.67M$1.11B
Surprise %1.07%0.34%0.09%0.24%----

Net Income Forecast

$-200M $-120M $-40M $40M $120M $200M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$-39.40M$-100.99M$-33.89M$52.83M----
Avg Forecast$-33.60M$-89.08M$-126.57M$52.83M$157.39M$160.25M$184.22M-
High Forecast$-40.32M$-106.89M$-151.89M$42.27M$155.95M$150.44M$177.18M-
Low Forecast$-26.88M$-71.26M$-101.26M$63.40M$158.83M$170.06M$191.26M-
Surprise %17.27%13.38%-73.22%-----

BL Forecast FAQ

Is BlackLine stock a buy?

BlackLine stock has a consensus rating of Buy, based on 6 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 3 Buy, 3 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that BlackLine is a favorable investment for most analysts.

What is BlackLine's price target?

BlackLine's price target, set by 6 Wall Street analysts, averages $60.75 over the next 12 months. The price target range spans from $51 at the low end to $70 at the high end, suggesting a potential -3.40% change from the previous close price of $62.89.

How does BlackLine stock forecast compare to the average forecast of its sector, industry, and investment themes?

BlackLine stock forecast shows a -3.40% downside, underperforming the average forecast for the technology stocks sector (13.03%), trailing the SaaS Stocks List (17.20%) investment theme.

What is the breakdown of analyst ratings for BlackLine over the past three months?

  • January 2025: 13.33% Strong Buy, 13.33% Buy, 46.67% Hold, 0% Sell, 26.67% Strong Sell.
  • December 2024: 15.38% Strong Buy, 7.69% Buy, 53.85% Hold, 0% Sell, 23.08% Strong Sell.
  • November 2024: 12.50% Strong Buy, 25.00% Buy, 43.75% Hold, 0% Sell, 18.75% Strong Sell.

What is BlackLine’s EPS forecast?

BlackLine's average annual EPS forecast for its fiscal year ending in December is 2.18 for 2024, a 150.57% increase from the reported $0.87 in 2023. The prediction for 2025 is $2.27, $2.55 for 2026, and $0 for 2027.

What is BlackLine’s revenue forecast?

BlackLine's average annual revenue forecast for its fiscal year ending in December is $652.06M for 2024, a 10.52% increase from the reported $590M in 2023. The forecast for 2025 is $710.95M, $785.87M for 2026, and $1.09B for 2027.

What is BlackLine’s net income forecast?

For its fiscal year ending in December, BlackLine's average annual net income forecast is $157.39M for 2024, reflecting an 197.90% increase from the reported $52.83M in 2023. The projection for 2025 is $160.25M, $184.22M for 2026, and $0 for 2027.