Morgan Stanley analyst Chris Quintero has revised the stock outlook for BlackLine (BL, Financial), decreasing the price target from $80 to $65 while maintaining an Overweight rating. This adjustment comes as part of a broader evaluation of software companies, in which the firm is considering potential tariff risks and existing market conditions affecting share prices.
The decision reflects Morgan Stanley's comprehensive analysis of risk and reward dynamics in the software sector. By recalibrating expectations, the firm aims to align its projections with current uncertainties in tariff negotiations and their potential impact on the financial performance of companies like BlackLine.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for BlackLine Inc (BL, Financial) is $59.80 with a high estimate of $80.00 and a low estimate of $40.00. The average target implies an upside of 32.40% from the current price of $45.17. More detailed estimate data can be found on the BlackLine Inc (BL) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, BlackLine Inc's (BL, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for BlackLine Inc (BL, Financial) in one year is $68.14, suggesting a upside of 50.87% from the current price of $45.165. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the BlackLine Inc (BL) Summary page.
