BlackLine (NASDAQ:BL) Stock Has Average Target Price of $39.50

Posted by on Oct 9th, 2026

BlackLine (NASDAQ:BL – Get Free Report) has received a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $39.50.

A number of equities research analysts have recently weighed in on the company. Scotiabank lowered BlackLine to an “outperform” rating in a research note on Tuesday, July 21st. DA Davidson lowered shares of BlackLine from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $30.00 to $23.00 in a report on Monday, September 28th. Weiss Ratings raised BlackLine from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Robert W. Baird set a $35.00 price objective on BlackLine in a research note on Wednesday, August 5th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $36.00 price objective on shares of BlackLine in a report on Wednesday, August 5th.

Read Our Latest Stock Analysis on BL

Insider Activity

In other news, Director Therese Tucker sold 70,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $31.96, for a total transaction of $2,237,200.00. Following the sale, the director owned 381,557 shares of the company’s stock, valued at $12,194,561.72. This trade represents a 15.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Michelle D. Stalick sold 780 shares of BlackLine stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $33.65, for a total transaction of $26,247.00. Following the transaction, the chief accounting officer directly owned 34,712 shares of the company’s stock, valued at approximately $1,168,058.80. This trade represents a 2.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 9.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On BlackLine

Several large investors have recently made changes to their positions in BL. ICONIQ Capital LLC purchased a new position in BlackLine in the second quarter valued at $58,584,000. Bank of America Corp DE purchased a new stake in shares of BlackLine during the 2nd quarter worth about $27,532,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of BlackLine during the 1st quarter valued at about $17,335,000. Hawk Ridge Capital Management LP grew its position in shares of BlackLine by 26.3% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,890,823 shares of the technology company’s stock valued at $69,960,000 after acquiring an additional 393,192 shares during the period. Finally, First Manhattan CO. LLC. grew its position in shares of BlackLine by 16.3% during the 4th quarter. First Manhattan CO. LLC. now owns 2,428,604 shares of the technology company’s stock valued at $134,278,000 after acquiring an additional 340,606 shares during the period. 95.13% of the stock is currently owned by institutional investors and hedge funds.

BlackLine Price Performance

BL opened at $29.25 on Tuesday. The business has a fifty day moving average of $29.95 and a 200 day moving average of $30.20. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.12. The stock has a market cap of $1.70 billion, a P/E ratio of 51.32, a PEG ratio of 1.86 and a beta of 0.74. BlackLine has a 52-week low of $24.70 and a 52-week high of $59.57.

BlackLine (NASDAQ:BL – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. BlackLine had a return on equity of 20.89% and a net margin of 4.75%.The company had revenue of $187.82 million for the quarter, compared to analysts’ expectations of $186.99 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. BlackLine’s revenue was up 9.1% compared to the same quarter last year. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. As a group, sell-side analysts anticipate that BlackLine will post 0.99 EPS for the current year.

BlackLine Company Profile

(Get Free Report)

BlackLine, Inc (NASDAQ: BL) provides cloud-based software designed to automate and manage critical financial and accounting processes. Its platform helps organizations replace manual, spreadsheet-driven workflows with centralized tools for financial close management, reconciliation, transaction matching, and accounting operations.

The company’s offerings include solutions for account reconciliation, journal entry management, intercompany accounting, compliance, and financial reporting.

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Analyst Recommendations for BlackLine (NASDAQ:BL)

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