Cantor Fitzgerald has initiated coverage on BlackLine (BL, Financial), providing a fresh perspective on the company's potential in the stock market. The analyst responsible for this report, Matthew Vanvliet, announced a price target of $58.00 USD. This marks the commencement of formal analytical coverage for BlackLine by Cantor Fitzgerald.
The report, dated June 3, 2025, classifies BlackLine with a "Neutral" rating. This rating indicates that the firm's view on BlackLine is neither overly optimistic nor pessimistic, suggesting that the stock's current market price is in line with its expected performance.
While this new coverage does not offer a prior price target for comparison, the announcement of a $58.00 USD target provides investors and market watchers with an updated benchmark for evaluating BlackLine's market position and potential growth.
BlackLine (BL, Financial) continues to be listed on the NASDAQ exchange, and interested parties should monitor further analyses and market movements related to this financial software company.
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 $57.60 with a high estimate of $80.00 and a low estimate of $45.00. The average target implies an upside of 3.97% from the current price of $55.40. 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 2.5, indicating "Outperform" 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 $76.82, suggesting a upside of 38.66% from the current price of $55.4. 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.
