Citigroup Has Lowered Expectations for BlackLine (NASDAQ:BL) Stock Price

BlackLine (NASDAQ:BL) had its price target lowered by Citigroup from $70.00 to $60.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Citigroup’s price objective would indicate a potential upside of 42.89% from the stock’s current price.

A number of other analysts have also recently weighed in on BL. Cantor Fitzgerald cut their price objective on shares of BlackLine from $58.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday. DA Davidson set a $45.00 target price on shares of BlackLine in a report on Wednesday. BMO Capital Markets reduced their target price on BlackLine from $63.00 to $57.00 and set a “market perform” rating on the stock in a research note on Friday, November 7th. Robert W. Baird set a $50.00 price objective on BlackLine in a research report on Wednesday. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $68.00 price objective on shares of BlackLine in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $57.85.

BlackLine Stock Performance

Shares of BlackLine stock traded down $2.34 during trading on Wednesday, hitting $41.99. 1,164,726 shares of the company’s stock were exchanged, compared to its average volume of 1,123,940. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.52 and a current ratio of 1.52. BlackLine has a 52-week low of $40.82 and a 52-week high of $59.57. The business has a 50-day simple moving average of $53.91 and a 200-day simple moving average of $53.67. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 8.17 and a beta of 0.86.

BlackLine (NASDAQ:BL) last released its earnings results on Tuesday, February 10th. The technology company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. BlackLine had a net margin of 11.07% and a return on equity of 14.51%. The business had revenue of $183.18 million during the quarter, compared to analysts’ expectations of $182.98 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. On average, research analysts forecast that BlackLine will post 0.9 EPS for the current year.

Institutional Trading of BlackLine

Several institutional investors and hedge funds have recently bought and sold shares of BL. Measured Wealth Private Client Group LLC purchased a new position in BlackLine during the 3rd quarter worth approximately $25,000. Atlantic Union Bankshares Corp bought a new stake in BlackLine in the second quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd bought a new stake in BlackLine in the second quarter worth $33,000. Versant Capital Management Inc increased its holdings in shares of BlackLine by 110.4% during the 3rd quarter. Versant Capital Management Inc now owns 667 shares of the technology company’s stock valued at $35,000 after acquiring an additional 350 shares during the last quarter. Finally, MAI Capital Management raised its position in shares of BlackLine by 10,000.0% in the third quarter. MAI Capital Management now owns 707 shares of the technology company’s stock valued at $38,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 95.13% of the company’s stock.

More BlackLine News

Here are the key news stories impacting BlackLine this week:

• Positive Sentiment: Q4 results beat on key operating metrics: revenue rose ~8.1% to $183.2M, non‑GAAP EPS/non‑GAAP net income improved, and management reported record bookings and a larger remaining performance obligation — evidence of demand and traction for Studio360/Verity AI. Q4 & FY2025 Release
• Positive Sentiment: Wall Street support: several firms reaffirmed or maintained Buy/Outperform stances and raised targets (JMP/Citizens $70 PT, Rosenblatt $62, BofA $65), signaling analyst conviction around longer‑term upside. Analyst Notes (Benzinga) BofA Note
• Positive Sentiment: Improving unit economics and product progress: non‑GAAP operating margin jumped to ~24.7%, ARR retention at ~105%, expansion into new regions (FedRAMP listing, Saudi Arabia cloud footprint) and the WiseLayer AI acquisition support medium‑term margin and growth targets. Business Highlights
• Neutral Sentiment: Share repurchases continue: the company repurchased ~0.6M shares in Q4 (~$33.8M) and completed ~4.5M shares ($235.5M) in 2025, with remaining buyback capacity — supports EPS over time but is not an operational catalyst by itself. Buyback Details
• Neutral Sentiment: Operational disclosures are preliminary (results subject to final review) and the company emphasized disciplined execution — useful context but not immediate share‑moving news. Press Release (preliminary)
• Negative Sentiment: Near‑term guidance disappointed: Q1 FY2026 EPS guidance of $0.44–$0.46 and revenue $180M–$182M are well below Street Q1 EPS expectations, prompting downward pressure despite full‑year guidance that was slightly ahead of consensus. Guidance/Call
• Negative Sentiment: GAAP profitability and cash flow weakness: GAAP net income plunged year‑over‑year and operating cash flow/free cash flow declined materially in Q4, which raises short‑term liquidity and quality‑of‑earnings concerns for some investors. QuiverQuant Summary
• Negative Sentiment: Activist pressure: Engaged Capital launched a proxy fight targeting the board, which often leads to near‑term volatility and selling as investors reassess governance and strategy risks. Engaged Capital / Yahoo
• Negative Sentiment: Mixed analyst moves: Cantor Fitzgerald lowered its target to $50 and moved to Neutral, adding pressure amid the otherwise constructive analyst commentary. Cantor Fitzgerald Note

About BlackLine

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company’s flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.