BlackLine (BL) Stock Forecast, Price Target & Predictions

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BL Stock Forecast

BlackLine stock forecast is as follows: an average price target of $88.50 (represents a 51.20% upside from BL’s last price of $58.53) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.

BL Price Target

The average price target for BlackLine (BL) is $88.50 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $140.00 to $51.00. This represents a potential 51.20% upside from BL's last price of $58.53.

BL Analyst Ratings

Buy

According to 6 Wall Street analysts, BlackLine's rating consensus is 'Buy'. The analyst rating breakdown for BL stock is 0 'Strong Buy' (0.00%), 3 'Buy' (50.00%), 3 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

BlackLine Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 08, 2024	Daniel Jester	BMO Capital	$57.00	$60.37	-5.58%	-2.61%
Sep 30, 2024	Chris Quintero	Morgan Stanley	$70.00	$54.33	28.84%	19.60%
Aug 07, 2024	Rob Oliver	Robert W. Baird	$65.00	$47.99	35.44%	11.05%
Aug 07, 2024	Brent Bracelin	Piper Sandler	$51.00	$44.09	15.67%	-12.87%
Jul 12, 2024	Brent Bracelin	Piper Sandler	$55.00	$47.89	14.85%	-6.03%
Apr 23, 2024	Brent Bracelin	Piper Sandler	$62.00	$58.39	6.18%	5.93%
Jan 09, 2023	-	Piper Sandler	$66.00	$69.02	-4.38%	12.76%
May 06, 2022	Matt VanVliet	BTIG	$95.00	$62.45	52.12%	62.31%
Apr 20, 2022	-	JMP Securities	$112.00	$69.27	61.69%	91.35%
Nov 05, 2021	Ray McDonough	Oppenheimer	$140.00	$129.37	8.22%	139.19%

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The latest BlackLine stock forecast, released on Nov 08, 2024 by Daniel Jester from BMO Capital, set a price target of $57.00, which represents a -5.58% decrease from the stock price at the time of the forecast ($60.37), and a -2.61% decrease from BL last price ($58.53).

BlackLine Price Target by Period

	1M	3M	12M
# Anlaysts	1	2	6
Avg Price Target	$57.00	$63.50	$60.00
Last Closing Price	$58.53	$58.53	$58.53
Upside/Downside	-2.61%	8.49%	2.51%

In the current month, the average price target of BlackLine stock is $57.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -2.61% decrease as opposed to BlackLine's last price of $58.53. This month's average price target is down -10.24% compared to last quarter, and down -5.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 08, 2024	BMO Capital	Market Perform	Market Perform	Hold
Nov 08, 2024	Citigroup	Neutral	Neutral	Hold
Sep 30, 2024	Sandler O'Neill	Buy	Buy	Hold
Sep 30, 2024	Morgan Stanley	-	Overweight	Upgrade
Aug 07, 2024	Sandler O'Neill	Market Outperform	Market Outperform	Hold
Aug 07, 2024	Piper Sandler	Neutral	Neutral	Hold
Jul 12, 2024	Piper Sandler	Neutral	Neutral	Hold
Apr 23, 2024	Sandler O'Neill	Neutral	Neutral	Hold
Apr 23, 2024	Piper Sandler	Market Perform	Neutral	Upgrade
Mar 18, 2024	Sandler O'Neill	Neutral	Neutral	Hold

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BlackLine's last stock rating was published by BMO Capital on Nov 08, 2024. The company gave BL a "Market Perform" rating, the same as its previous rate.

BlackLine Financial Forecast

BlackLine Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	$155.73M	$150.71M	$144.57M	$138.98M	$139.96M	$134.27M	$128.48M	$120.24M	$115.33M	$109.40M	$102.12M	$98.86M	$95.71M	$90.16M	$83.27M	$82.60M	$80.26M	$74.92M
Avg Forecast	$204.74M	$200.83M	$193.28M	$188.82M	$186.00M	$180.76M	$174.62M	$170.33M	$168.10M	$163.09M	$158.38M	$155.12M	$154.31M	$149.84M	$143.98M	$138.06M	$139.60M	$134.18M	$126.57M	$119.55M	$113.60M	$107.07M	$101.08M	$96.10M	$91.63M	$85.06M	$81.03M	$79.39M	$77.85M	$72.33M
High Forecast	$206.57M	$202.62M	$195.01M	$190.51M	$187.67M	$182.37M	$176.18M	$172.95M	$168.30M	$163.11M	$158.47M	$155.12M	$154.61M	$150.39M	$145.27M	$139.30M	$140.85M	$134.18M	$126.57M	$119.55M	$113.60M	$107.07M	$101.08M	$96.10M	$91.63M	$85.06M	$81.03M	$79.39M	$77.85M	$72.33M
Low Forecast	$202.94M	$199.07M	$191.59M	$187.16M	$184.37M	$179.17M	$173.09M	$168.60M	$167.73M	$163.07M	$158.30M	$155.12M	$154.07M	$148.89M	$142.72M	$136.85M	$138.38M	$134.18M	$126.57M	$119.55M	$113.60M	$107.07M	$101.08M	$96.10M	$91.63M	$85.06M	$81.03M	$79.39M	$77.85M	$72.33M
# Analysts	5	4	5	4	4	3	4	8	9	4	3	3	6	11	5	9	5	4	4	7	5	5	10	7	5	6	4	4	7	4
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.01%	1.01%	1.00%	1.01%	1.00%	1.00%	1.02%	1.01%	1.02%	1.02%	1.01%	1.03%	1.04%	1.06%	1.03%	1.04%	1.03%	1.04%

BlackLine's average Quarter revenue forecast for Mar 24 based on 3 analysts is $155.12M, with a low forecast of $155.12M, and a high forecast of $155.12M. BL's average Quarter revenue forecast represents a -0.39% decrease compared to the company's last Quarter revenue of $155.73M (Dec 23).

BlackLine EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	5	4	5	4	4	3	4	8	9	4	3	3	6	11	5	9	5	4	4	7	5	5	10	7	5	6	4	4	7	4
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	$12.81M	$-1.07M	$42.94M	$8.37M	$26.97M	$-5.85M	$-319.00K	$-15.70M	$-13.48M	$8.90M	$-2.56M	$21.31M	$-4.91M	$2.90M	$2.23M	$-2.23M	$1.80M	$-703.00K
Avg Forecast	$7.48M	$7.33M	$7.06M	$6.90M	$6.79M	$6.60M	$6.38M	$6.22M	$6.14M	$5.96M	$5.78M	$-20.53M	$5.64M	$5.47M	$5.26M	$-21.96M	$-12.36M	$2.09M	$1.97M	$-23.48M	$1.77M	$1.67M	$1.57M	$13.92M	$1.43M	$1.33M	$1.26M	$-2.45M	$1.21M	$1.13M
High Forecast	$7.54M	$7.40M	$7.12M	$6.96M	$6.85M	$6.66M	$6.43M	$6.32M	$6.15M	$5.96M	$5.79M	$-16.42M	$5.65M	$5.49M	$5.30M	$-17.57M	$-9.89M	$2.09M	$1.97M	$-18.79M	$1.77M	$1.67M	$1.57M	$16.71M	$1.43M	$1.33M	$1.26M	$-1.96M	$1.21M	$1.13M
Low Forecast	$7.41M	$7.27M	$7.00M	$6.83M	$6.73M	$6.54M	$6.32M	$6.16M	$6.13M	$5.96M	$5.78M	$-24.64M	$5.63M	$5.44M	$5.21M	$-26.35M	$-14.83M	$2.09M	$1.97M	$-28.18M	$1.77M	$1.67M	$1.57M	$11.14M	$1.43M	$1.33M	$1.26M	$-2.94M	$1.21M	$1.13M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	2.27%	-0.20%	8.17%	-0.38%	-2.18%	-2.80%	-0.16%	0.67%	-7.62%	5.34%	-1.63%	1.53%	-3.44%	2.19%	1.77%	0.91%	1.48%	-0.62%

3 analysts predict BL's average Quarter EBITDA for Mar 24 to be $-20.53M, with a high of $-16.42M and a low of $-24.64M. This is -260.20% lower than BlackLine's previous annual EBITDA (Dec 23) of $12.81M.

BlackLine Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	5	4	5	4	4	3	4	8	9	4	3	3	6	11	5	9	5	4	4	7	5	5	10	7	5	6	4	4	7	4
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	$22.07M	$11.92M	$30.85M	$-6.73M	$11.30M	$-18.99M	$-11.97M	$-13.43M	$-32.48M	$-13.74M	$-25.45M	$-38.96M	$-16.98M	$-8.75M	$-8.33M	$-12.84M	$-9.48M	$-9.24M
Avg Forecast	$47.09M	$48.82M	$45.37M	$43.15M	$44.90M	$44.37M	$40.75M	$38.22M	$36.97M	$38.19M	$37.54M	$-16.74M	$40.61M	$26.02M	$21.26M	$-17.90M	$-33.93M	$6.47M	$527.45K	$-19.15M	$7.43M	$8.28M	$5.80M	$-21.70K	$5.08M	$8.24M	$7.63M	$-14.13M	$9.14M	$2.34M
High Forecast	$47.64M	$49.39M	$45.90M	$43.65M	$45.42M	$44.88M	$41.22M	$39.66M	$40.67M	$38.27M	$37.71M	$-13.39M	$41.35M	$30.48M	$21.51M	$-14.32M	$-27.14M	$6.47M	$527.45K	$-15.32M	$7.43M	$8.28M	$5.80M	$-17.36K	$5.08M	$8.24M	$7.63M	$-11.30M	$9.14M	$2.34M
Low Forecast	$46.56M	$48.26M	$44.85M	$42.66M	$44.39M	$43.86M	$40.29M	$35.34M	$35.49M	$38.10M	$37.37M	$-20.09M	$39.14M	$25.28M	$21.02M	$-21.48M	$-40.71M	$6.47M	$527.45K	$-22.98M	$7.43M	$8.28M	$5.80M	$-26.04K	$5.08M	$8.24M	$7.63M	$-16.95M	$9.14M	$2.34M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.54%	0.46%	1.45%	0.38%	-0.33%	-2.93%	-22.70%	0.70%	-4.37%	-1.66%	-4.39%	1795.49%	-3.35%	-1.06%	-1.09%	0.91%	-1.04%	-3.95%

BlackLine's average Quarter net income forecast for Mar 24 is $-16.74M, with a range of $-20.09M to $-13.39M. BL's average Quarter net income forecast represents a -175.84% decrease compared to the company's last Quarter net income of $22.07M (Dec 23).

BlackLine SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	5	4	5	4	4	3	4	8	9	4	3	3	6	11	5	9	5	4	4	7	5	5	10	7	5	6	4	4	7	4
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	$81.57M	$79.60M	$62.60M	$90.91M	$71.45M	$95.54M	$80.34M	$89.68M	$82.83M	$60.17M	$69.43M	$76.70M	$65.68M	$60.38M	$58.01M	$62.12M	$59.56M	$55.94M
Avg Forecast	$135.15M	$132.57M	$127.59M	$124.64M	$122.78M	$119.32M	$115.27M	$112.44M	$110.96M	$107.66M	$104.55M	$149.94M	$101.86M	$98.91M	$95.04M	$91.14M	$75.93M	$89.96M	$84.85M	$80.15M	$76.16M	$71.78M	$67.77M	$50.10M	$61.43M	$57.03M	$54.32M	$68.34M	$52.19M	$48.50M
High Forecast	$136.36M	$133.75M	$128.73M	$125.76M	$123.88M	$120.39M	$116.30M	$114.17M	$111.09M	$107.67M	$104.61M	$179.93M	$102.06M	$99.27M	$95.89M	$91.95M	$91.11M	$89.96M	$84.85M	$80.15M	$76.16M	$71.78M	$67.77M	$60.12M	$61.43M	$57.03M	$54.32M	$82.00M	$52.19M	$48.50M
Low Forecast	$133.96M	$131.41M	$126.47M	$123.55M	$121.71M	$118.27M	$114.26M	$111.29M	$110.72M	$107.65M	$104.50M	$119.95M	$101.70M	$98.28M	$94.21M	$90.34M	$60.74M	$89.96M	$84.85M	$80.15M	$76.16M	$71.78M	$67.77M	$40.08M	$61.43M	$57.03M	$54.32M	$54.67M	$52.19M	$48.50M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.80%	0.80%	0.66%	1.00%	0.94%	1.06%	0.95%	1.12%	1.09%	0.84%	1.02%	1.53%	1.07%	1.06%	1.07%	0.91%	1.14%	1.15%

BlackLine's average Quarter SG&A projection for Mar 24 is $149.94M, based on 3 Wall Street analysts, with a range of $119.95M to $179.93M. The forecast indicates a 83.81% rise compared to BL last annual SG&A of $81.57M (Dec 23).

BlackLine EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	5	4	5	4	4	3	4	8	9	4	3	3	6	11	5	9	5	4	4	7	5	5	10	7	5	6	4	4	7	4
EPS	-	-	-	-	-	-	-	-	-	-	-	-	$0.36	$0.20	$0.51	$-0.11	$0.19	$-0.32	$-0.20	$-0.23	$-0.55	$-0.23	$-0.44	$-0.67	$-0.30	$-0.15	$-0.15	$-0.23	$-0.16	$-0.17
Avg Forecast	$0.64	$0.66	$0.61	$0.58	$0.61	$0.60	$0.55	$0.52	$0.50	$0.52	$0.51	$0.47	$0.55	$0.35	$0.29	$0.16	$0.17	$0.09	$0.01	$-0.08	$0.10	$0.11	$0.08	$0.05	$0.07	$0.11	$0.11	$0.05	$0.13	$0.03
High Forecast	$0.64	$0.67	$0.62	$0.59	$0.61	$0.61	$0.56	$0.54	$0.55	$0.52	$0.51	$0.47	$0.56	$0.41	$0.29	$0.16	$0.17	$0.09	$0.01	$-0.08	$0.10	$0.11	$0.08	$0.05	$0.07	$0.11	$0.11	$0.05	$0.13	$0.03
Low Forecast	$0.63	$0.65	$0.61	$0.58	$0.60	$0.59	$0.54	$0.48	$0.48	$0.52	$0.51	$0.47	$0.53	$0.34	$0.28	$0.16	$0.17	$0.09	$0.01	$-0.08	$0.10	$0.11	$0.08	$0.05	$0.07	$0.11	$0.11	$0.05	$0.13	$0.03
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.66%	0.57%	1.77%	-0.68%	1.11%	-3.58%	-27.50%	2.91%	-5.37%	-2.01%	-5.50%	-13.63%	-4.29%	-1.32%	-1.43%	-4.90%	-1.27%	-5.27%

According to 3 Wall Street analysts, BlackLine's projected average Quarter EPS for Mar 24 is $0.47, with a low estimate of $0.47 and a high estimate of $0.47. This represents a 30.35% increase compared to BL previous annual EPS of $0.36 (Dec 23).

BlackLine Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
JAMF	Jamf	$14.15	$25.13	77.60%	Buy
DV	DoubleVerify	$19.33	$30.64	58.51%	Buy
BL	BlackLine	$58.53	$88.50	51.20%	Buy
PRO	PROS	$22.52	$32.67	45.07%	Buy
AMSWA	American Software	$10.95	$15.50	41.55%	Buy
PYCR	Paycor HCM	$16.40	$22.00	34.15%	Hold
ALKT	Alkami	$37.75	$45.67	20.98%	Buy
APPF	AppFolio	$230.65	$278.00	20.53%	Buy
FROG	JFrog	$30.66	$34.45	12.36%	Buy
PCOR	Procore	$70.26	$74.50	6.03%	Buy
ANSS	ANSYS	$342.24	$359.60	5.07%	Buy
AZPN	Aspen	$245.30	$254.40	3.71%	Buy
MANH	Manhattan Associates	$271.56	$276.57	1.84%	Buy
WK	Workiva	$92.18	$93.75	1.70%	Buy
GBTG	Global Business Travel Group	$8.98	$8.50	-5.35%	Buy
PEGA	Pegasystems	$86.91	$81.38	-6.36%	Buy
AGYS	Agilysys	$125.78	$116.20	-7.62%	Buy
QTWO	Q2	$101.44	$77.15	-23.95%	Buy

BL Forecast FAQ

Is BlackLine a good buy?

Yes, according to 6 Wall Street analysts, BlackLine (BL) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 50.00% of BL's total ratings.

What is BL's price target?

BlackLine (BL) average price target is $88.5 with a range of $51 to $140, implying a 51.20% from its last price of $58.53. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will BlackLine stock go up soon?

According to Wall Street analysts' prediction for BL stock, the company can go up by 51.20% (from the last price of $58.53 to the average price target of $88.5), up by 139.19% based on the highest stock price target, and down by -12.87% based on the lowest stock price target.

Can BlackLine stock reach $90?

BL's highest twelve months analyst stock price target of $140 supports the claim that BlackLine can reach $90 in the near future.

What is BlackLine's current price target trend?

1 Wall Street analyst forecast a $57 price target for BlackLine (BL) this month, down -2.61% from its last price of $58.53. Compared to the last 3 and 12 months, the average price target increased by 8.49% and increased by 2.51%, respectively.

What are BlackLine's analysts' financial forecasts?

BlackLine's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $711.71M (high $719.17M, low $705.23M), average EBITDA is $25.99M (high $26.26M, low $25.75M), average net income is $168.24M (high $171.19M, low $163.87M), average SG&A $469.81M (high $474.73M, low $465.53M), and average EPS is $2.27 (high $2.31, low $2.22). BL's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $787.67M (high $794.71M, low $780.76M), average EBITDA is $28.76M (high $29.02M, low $28.51M), average net income is $184.43M (high $186.58M, low $182.33M), average SG&A $519.95M (high $524.6M, low $515.39M), and average EPS is $2.49 (high $2.52, low $2.46).

Did the BL's actual financial results beat the analysts' financial forecasts?

Based on BlackLine's last annual report (Dec 2023), the company's revenue was $590M, beating the average analysts forecast of $586.19M by 0.65%. Apple's EBITDA was $14.35M, missing the average prediction of $-5.593M by -356.56%. The company's net income was $52.83M, missing the average estimation of $69.99M by -24.51%. Apple's SG&A was $314.68M, missing the average forecast of $386.96M by -18.68%. Lastly, the company's EPS was $0.87, missing the average prediction of $1.35 by -35.53%. In terms of the last quarterly report (Dec 2023), BlackLine's revenue was $155.73M, beating the average analysts' forecast of $154.31M by 0.92%. The company's EBITDA was $12.82M, beating the average prediction of $5.64M by 127.42%. BlackLine's net income was $22.07M, missing the average estimation of $40.61M by -45.66%. The company's SG&A was $81.57M, missing the average forecast of $101.86M by -19.92%. Lastly, the company's EPS was $0.36, missing the average prediction of $0.549 by -34.43%