Bitcoin price today: rises to $116.5k on Trump 401k order, altcoins rally
Investing.com - DA Davidson has assumed coverage on BlackLine (NASDAQ:BL) with a Neutral rating and a price target of $56.00. The $3.39 billion market cap company currently trades at $54.43, with analyst targets ranging from $45 to $80.
The research firm noted that BlackLine’s second-quarter revenue mildly beat expectations while the company’s go-to-market investments are showing signs of strength in its pipeline. The company maintains healthy financials with a strong Piotroski Score of 8 and revenue growth of 8.93% over the last twelve months.
DA Davidson’s coverage assumption coincides with BlackLine’s announcement regarding leadership changes at the company.
The company disclosed that founder and Co-CEO Therese Tucker will transition away from the Co-CEO role effective October 1st, 2025.
According to the announcement, Tucker will remain with BlackLine as part of the executive team and will continue to serve on the company’s board of directors.
In other recent news, BlackLine Inc. reported its earnings for the second quarter of 2025, surpassing revenue expectations with $172 million compared to the projected $170.9 million. The company did not specify its earnings per share, but it raised its full-year revenue guidance, signaling strong future performance. Following this report, Goldman Sachs adjusted its price target for BlackLine, increasing it from $45 to $48, while maintaining a Sell rating on the stock. This adjustment came after BlackLine’s quarterly report showed revenue and profitability modestly exceeding consensus expectations. The company attributed its performance to broad-based pipeline improvements and larger deal sizes in both renewals and new customer wins. Additionally, there was faster-than-expected adoption of BlackLine’s new pricing model, contributing to its positive results. These recent developments highlight BlackLine’s strategic initiatives and their impact on the company’s financial outlook.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.