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BlackLine (BL) Stock Forecast & Price Target

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$64.46 -0.48 (-0.74%)
(As of 12/17/2024 ET)

BlackLine - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
2
Hold
6
Buy
4

Based on 12 Wall Street analysts who have issued ratings for BlackLine in the last 12 months, the stock has a consensus rating of "Hold." Out of the 12 analysts, 2 have given a sell rating, 6 have given a hold rating, and 4 have given a buy rating for BL.

Consensus Price Target

$66.00
2.39% Upside
According to the 12 analysts' twelve-month price targets for BlackLine, the average price target is $66.00. The highest price target for BL is $86.00, while the lowest price target for BL is $50.00. The average price target represents a forecasted upside of 2.39% from the current price of $64.46.
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BL Analyst Ratings Over Time

TypeCurrent Forecast
12/19/23 to 12/18/24
1 Month Ago
11/19/23 to 11/18/24
3 Months Ago
9/20/23 to 9/19/24
1 Year Ago
12/19/22 to 12/19/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
5 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$66.00$63.60$58.78$61.44
Forecasted Upside2.39% Upside9.73% Upside13.23% Upside-4.77% Downside
Consensus Rating
Hold
Hold
Hold
Hold

BL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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BL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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BlackLine Stock vs. The Competition

TypeBlackLineComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.17
2.68
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside2.39% Upside266.14% Upside12.02% Upside
News Sentiment Rating
Positive News

See Recent BL News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/16/2024Citigroup
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$64.00 ➝ $73.00+13.37%
11/22/2024JMP Securities
2 of 5 stars
 Boost TargetMarket Outperform ➝ Market Outperform$81.00 ➝ $86.00+39.16%
11/20/2024Piper Sandler
2 of 5 stars
 Reiterated RatingNeutral ➝ Neutral$60.00 ➝ $60.00+3.99%
11/15/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$70.00 ➝ $80.00+32.10%
11/11/2024Truist Financial
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 Boost TargetHold ➝ Hold$55.00 ➝ $60.00-2.96%
10/25/2024JPMorgan Chase & Co.
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 Boost TargetUnderweight ➝ Underweight$47.00 ➝ $50.00-11.52%
8/7/2024BTIG Research
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 Lower TargetBuy ➝ Buy$71.00 ➝ $65.00+31.77%
8/7/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$72.00 ➝ $65.00+30.68%
5/8/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$65.00 ➝ $67.00+7.77%
5/7/2024William Blair
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J. Roberge
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UpgradeHold
3/18/2024Wolfe Research
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 Initiated CoveragePeer Perform
1/23/2024The Goldman Sachs Group
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 Boost TargetSell ➝ Sell$49.00 ➝ $54.00-11.18%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:16 AM ET.


BL Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for BlackLine is $66.00, with a high forecast of $86.00 and a low forecast of $50.00.

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last year. There are currently 2 sell ratings, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BL, but not buy additional shares or sell existing shares.

According to analysts, BlackLine's stock has a predicted upside of 2.39% based on their 12-month stock forecasts.

Over the previous 90 days, BlackLine's stock had 1 upgrade by analysts.

BlackLine has been rated by research analysts at Citigroup, JMP Securities, JPMorgan Chase & Co., Morgan Stanley, Piper Sandler, and Truist Financial in the past 90 days.

Analysts like BlackLine less than other "computer and technology" companies. The consensus rating for BlackLine is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how BL compares to other companies.


This page (NASDAQ:BL) was last updated on 12/18/2024 by MarketBeat.com Staff
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