BofA raises BlackLine stock rating to 'buy' on growth prospects

Investing.com

01-30

Investing.com -- Bank of America upgraded Blackline Inc (NASDAQ:BL) to "Buy" from "Underperform" given improving fundamentals and a well-positioned business strategy that could drive revenue growth. The brokerage also raised its price target to $75 from $50.

BlackLine, an accounting automation software provider, introduced a new pricing and packaging strategy alongside its next-generation platform, Studio360, at its October BeyondTheBlack event. BofA said these initiatives could boost platform usage and monetization, supporting a revenue reacceleration.

BofA noted BlackLine’s management overhaul and strategic shifts over the past two years, stating that the company is now set for its next growth phase. BofA raised its 2025 revenue forecast to $712.8 million, above the $710.5 million consensus, and increased its free cash flow estimate by 12.2% to $175.4 million.

With BlackLine’s preannounced fourth-quarter results reducing downside risks, BofA expects "beat-and-raise" quarters ahead. The new price target values BlackLine at 8.2 times its estimated 2025 revenue, a premium to small-cap software peers, reflecting confidence in the company’s execution.

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The new price target values BlackLine at 8.2 times its estimated 2025 revenue, a premium to small-cap software peers, reflecting confidence in the company’s execution.</p>\n<p>Related Articles</p>\n<p>BofA raises BlackLine stock rating to 'buy' on growth prospects</p>\n<p>BofA cuts rating on PagerDuty stock to 'underperform' on slowing growth</p>\n<p>ASML to stop publishing most-closely watched metric - bookings</p>\n</body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BofA raises BlackLine stock rating to 'buy' on growth prospects</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBofA raises BlackLine stock rating to 'buy' on growth prospects\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Investing.com</strong><span class=\"h-time small\">2025-01-30 22:33</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><p>Investing.com -- Bank of America upgraded Blackline Inc (NASDAQ:BL) to \"Buy\" from \"Underperform\" given improving fundamentals and a well-positioned business strategy that could drive revenue growth. The brokerage also raised its price target to $75 from $50.</p>\n<p>BlackLine, an accounting automation software provider, introduced a new pricing and packaging strategy alongside its next-generation platform, Studio360, at its October BeyondTheBlack event. BofA said these initiatives could boost platform usage and monetization, supporting a revenue reacceleration.</p>\n<p>BofA noted BlackLine’s management overhaul and strategic shifts over the past two years, stating that the company is now set for its next growth phase. BofA raised its 2025 revenue forecast to $712.8 million, above the $710.5 million consensus, and increased its free cash flow estimate by 12.2% to $175.4 million.</p>\n<p>With BlackLine’s preannounced fourth-quarter results reducing downside risks, BofA expects \"beat-and-raise\" quarters ahead. The new price target values BlackLine at 8.2 times its estimated 2025 revenue, a premium to small-cap software peers, reflecting confidence in the company’s execution.</p>\n<p>Related Articles</p>\n<p>BofA raises BlackLine stock rating to 'buy' on growth prospects</p>\n<p>BofA cuts rating on PagerDuty stock to 'underperform' on slowing growth</p>\n<p>ASML to stop publishing most-closely watched metric - bookings</p>\n</body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://finance.yahoo.com/news/bofa-raises-blackline-stock-rating-143349137.html\">Investing.com</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/bofa-raises-blackline-stock-rating-143349137.html","article_id":"2507249916","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507249916","pubTimestamp":1738247629,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investing.com --Bank of America upgraded Blackline Inc  to \"Buy\" from \"Underperform\" given improving fundamentals and a well-positioned business strategy that could drive revenue growth. The brokerage also raised its price target to $75 from $50.BlackLine, an accounting automation software provider, introduced a new pricing and packaging strategy alongside its next-generation platform, Studio360, at its October BeyondTheBlack event. BofA said these initiatives could boost platform usage and monetization, supporting a revenue reacceleration.BofA noted BlackLine’s management overhaul and strategic shifts over the past two years, stating that the company is now set for its next growth phase. BofA raised its 2025 revenue forecast to $712.8 million, above the $710.5 million consensus, and increased its free cash flow estimate by 12.2% to $175.4 million.With BlackLine’s preannounced fourth-quarter results reducing downside risks, BofA expects \"beat-and-raise\" quarters ahead. The new price ta","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"美国银行因增长前景将BlackLine股票评级上调至“买入”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BL":0.9},"content_text":"Investing.com -- Bank of America upgraded Blackline Inc (NASDAQ:BL) to \"Buy\" from \"Underperform\" given improving fundamentals and a well-positioned business strategy that could drive revenue growth. The brokerage also raised its price target to $75 from $50.\nBlackLine, an accounting automation software provider, introduced a new pricing and packaging strategy alongside its next-generation platform, Studio360, at its October BeyondTheBlack event. 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