Goldman Sachs analysts spotlight potential opportunities within small and mid-cap software stocks, even as the sector faces significant declines. Despite an 18% year-to-date drop for the group, compared to the S&P 500's 3% decrease, firms like BlackLine (BL, Financial), OneStream (OS), and Vertex (VERX) are considered promising. Analysts highlight Vertex's growth acceleration potential and nCino's (NCNO) "beat-and-raise" opportunities throughout the year as key investment opportunities.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for BlackLine Inc (BL, Financial) is $66.11 with a high estimate of $80.00 and a low estimate of $51.00. The average target implies an upside of 35.79% from the current price of $48.69. More detailed estimate data can be found on the BlackLine Inc (BL) Forecast page.
Based on the consensus recommendation from 13 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 $67.70, suggesting a upside of 39.06% from the current price of $48.685. 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.
