Stock Track | BlackLine Plummets 5.06% Intraday After Multiple Analysts Cut Price Targets

Stock Track

02/11

BlackLine Inc. (BL) saw its stock price plummet 5.06% during intraday trading on Wednesday, as negative sentiment swept through the market following a series of analyst downgrades.

The sharp decline came after several major financial institutions lowered their price targets for the company. Raymond James cut its target to $60 from $67, D.A. Davidson reduced its target to $45 from $56, and Citi lowered its target to $60 from $70. These simultaneous downward revisions by multiple analysts created selling pressure as investors reassessed the company's valuation prospects.

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(BL) saw its stock price plummet 5.06% during intraday trading on Wednesday, as negative sentiment swept through the market following a series of analyst downgrades.</p><p>The sharp decline came after several major financial institutions lowered their price targets for the company. Raymond James cut its target to $60 from $67, D.A. Davidson reduced its target to $45 from $56, and Citi lowered its target to $60 from $70. 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