Truist analyst Terry Tillman raised the firm’s price target on BlackLine (BL) to $60 from $55 and keeps a Hold rating on the shares. The company reported solid Q3 results that included upside to revenue, profits, and cash flows, with the quarter’s highlights that included go-to-market investment and improving execution, increasing partner influence and deal sourcing, and a record 30% free cash flow margin, the analyst tells investors in a research note.
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Read More on BL:
- BlackLine’s Financial Challenges: Risks and Uncertainties Facing Investors
- BlackLine price target raised to $60 from $51 at Piper Sandler
- BlackLine Reports Strong Q3 2024 Financial Results
- BlackLine Announces CFO Transition with Patrick Villanova
- BlackLine announces planned retirement of CFO Mark Patin, Villanova to succeed
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