BTIG analyst Matthew VanVliet reiterated a Buy rating on Blackline Inc on Wednesday, setting a price target of $150, which is approximately 31.58% above the present share price of $114.
VanVliet expects Blackline Inc to post earnings per share (EPS) of -$0.67 for the third quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in BlackLine (NASDAQ:BL), with an average price target of $135.6.
The analysts price targets range from a high of $150 to a low of $118.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $98.86 million and a net profit of -$18.71 million. The company's market cap is $6.62 billion.
According to TipRanks.com, BTIG analyst Matthew VanVliet is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 22.4% and a 68.25% success rate.
BlackLine, Inc. operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance. The company was founded by Therese Tucker in May 2001 and is headquartered in Woodland Hills, CA.