Baird Starts BlackLine (BL) at Outperform

November 22, 2016 6:30 AM EST
Get Alerts BL Hot Sheet
Price: $27.18 +1.46%

Rating Summary:
    3 Buy, 2 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 12 | Down: 22 | New: 54
Trade BL Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Baird initiates coverage on BlackLine (NASDAQ: BL) with a Outperform rating and a price target of $33.00.

Analyst Steven Ashley commented, "We are initiating coverage of BlackLine with an Outperform rating given the company’s above-average long-term growth prospects. BlackLine is the clear leader in a large emerging market, whose products feature a compelling value proposition. Specifically, BlackLine “automates” portions of the financial close process (i.e., closing the books), freeing up valuable accounting resources which produces a hard-dollar cost savings. Meaning a portion of the BlackLine ROI is tangible, something rare and powerful in the software world. Increased speed and accuracy further enhance the value proposition."

For an analyst ratings summary and ratings history on BlackLine click here. For more ratings news on BlackLine click here.

Shares of BlackLine closed at $27.75 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, New Coverage

Related Entities

Robert W Baird

Add Your Comment