Citizens JMP reiterates BlackLine stock rating, citing positive data points
Investing.com
Published Jul 10, 2025 05:05AM ET
Investing.com - Citizens JMP has reiterated its Market Outperform rating and $80.00 price target on BlackLine (NASDAQ:BL), the financial software company. Currently trading at $56.63 with a market capitalization of $3.5 billion, BlackLine has demonstrated strong profitability with a 75.3% gross margin in the last twelve months.
The firm maintained its positive outlook after conducting preliminary due diligence that yielded five positive data points about the company.
Citizens JMP noted that BlackLine stock has fallen 7% year to date, underperforming compared to the Russell 3000 index, which has increased 6% during the same period.
The $80.00 price target suggests significant potential upside from BlackLine's current trading levels.
BlackLine provides cloud-based solutions for financial close management, accounting automation, and intercompany governance.
In other recent news, BlackLine, Inc. has announced the enhancement of its artificial intelligence capabilities across its financial automation platform. These new AI features aim to improve efficiency and intelligence in financial workflows, assisting Finance and Accounting teams by reducing risk and speeding up decision-making. In addition, BlackLine appointed Sam Balaji, a former Deloitte executive, to its Board of Directors, effective June 13, 2025. Balaji's extensive leadership experience, including his role as CEO of Deloitte Consulting, is expected to be a valuable addition to BlackLine's governance.
BMO Capital maintained its Market Perform rating on BlackLine, keeping the stock price target at $53. Analysts from the firm expressed optimism about potential business growth, noting the company's strategic initiatives and cross-sell opportunities. Meanwhile, Cantor Fitzgerald initiated coverage of BlackLine with a Neutral rating and set a price target of $58, citing the company's potential for robust revenue growth and strong free cash flow. The firm's positive outlook is supported by BlackLine's innovative product enhancements, such as the Studio360 platform.
These developments come as BlackLine continues to expand its platform capabilities and enhance its AI offerings, aiming to drive digital finance transformation. The company's strategic focus on innovation and leadership changes reflects its commitment to advancing its position in the financial automation sector.
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