Citizens JMP reiterates Market Outperform rating on BlackLine stock

Investing.com - Citizens JMP analyst Patrick Walravens has reiterated a Market Outperform rating on BlackLine (NASDAQ:BL) with a price target of $80.00. According to InvestingPro data, one of the potential acquisition targets mentioned in the report, DocuSign, currently demonstrates strong financial health with an impressive 79% gross profit margin and robust cash management.

The analyst noted that the series of Software-as-a-Service (SaaS) acquisitions occurring throughout 2025 provides positive lateral implications for several companies identified as attractive acquisition candidates.

BlackLine was specifically mentioned among these potential acquisition targets, alongside other companies including C3.ai (NYSE:AI), Domo (NASDAQ:DOMO), DocuSign (NASDAQ:DOCU), Sprinklr (NYSE:CXM), Teradata (NYSE:TDC), and Vertex (NASDAQ:VERX). DocuSign, currently trading near $74, appears undervalued based on InvestingPro’s Fair Value analysis. The company’s management has been actively buying back shares, one of 12+ exclusive ProTips available for deeper analysis.

Citizens JMP maintains a Market Outperform rating on most of these potential acquisition candidates, with price targets ranging from $17 to $124.

Teradata was the only company in the group assigned a Market Perform rating rather than Market Outperform, according to the analyst’s commentary.

In other recent news, DocuSign has reported mixed results for its latest quarter, with billings growth falling below expectations. The company saw a 4% year-over-year increase in billings, which did not meet the midpoint guidance of $746 million. As a result, several analyst firms have adjusted their outlooks on the company. Piper Sandler and BofA Securities both lowered their price targets for DocuSign to $85, citing the missed billings guidance and a conservative approach to early renewals. Meanwhile, RBC Capital maintained its Sector Perform rating with a $90 price target, despite the company’s weaker-than-expected billings growth. Needham also maintained a Hold rating, noting that while revenue and earnings per share were satisfactory, the billings miss marked a shift after several strong quarters. JMP Securities, however, reiterated a Market Outperform rating, highlighting positive implications from a series of SaaS acquisitions in 2025. These developments reflect varying analyst perspectives on DocuSign’s future performance.

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