Citigroup Issues Pessimistic Forecast for BlackLine (NASDAQ:BL) Stock Price

BlackLine (NASDAQ:BL) had its target price decreased by research analysts at Citigroup from $70.00 to $60.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Citigroup’s price objective would indicate a potential upside of 55.72% from the company’s previous close.

BL has been the subject of a number of other research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $62.00 target price on shares of BlackLine in a research note on Wednesday. Morgan Stanley reaffirmed an “overweight” rating and issued a $68.00 target price on shares of BlackLine in a research note on Wednesday. Citizens Jmp reiterated a “market outperform” rating and set a $70.00 target price on shares of BlackLine in a research report on Wednesday. Piper Sandler raised BlackLine to a “hold” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BlackLine in a research note on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $57.85.

BlackLine Stock Down 8.0%

BlackLine stock opened at $38.53 on Wednesday. The firm has a fifty day moving average price of $53.18 and a two-hundred day moving average price of $53.49. BlackLine has a fifty-two week low of $38.43 and a fifty-two week high of $59.57. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 96.33, a P/E/G ratio of 7.91 and a beta of 0.86. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.47 and a quick ratio of 1.52.

BlackLine (NASDAQ:BL) last posted its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. The company had revenue of $183.18 million for the quarter, compared to the consensus estimate of $182.98 million. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 EPS. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. As a group, analysts forecast that BlackLine will post 0.9 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. boosted its position in shares of BlackLine by 228.3% during the third quarter. Federated Hermes Inc. now owns 134,524 shares of the technology company’s stock worth $7,143,000 after buying an additional 93,544 shares during the period. Advantage Alpha Capital Partners LP lifted its stake in BlackLine by 9.9% in the 2nd quarter. Advantage Alpha Capital Partners LP now owns 82,601 shares of the technology company’s stock valued at $4,677,000 after acquiring an additional 7,470 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new position in BlackLine during the 3rd quarter worth approximately $2,230,000. Gagnon Securities LLC raised its holdings in shares of BlackLine by 10.6% in the third quarter. Gagnon Securities LLC now owns 278,919 shares of the technology company’s stock valued at $14,811,000 after purchasing an additional 26,678 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of BlackLine in the third quarter worth $1,101,000. Institutional investors own 95.13% of the company’s stock.

BlackLine News Summary

Here are the key news stories impacting BlackLine this week:

• Positive Sentiment: Q4 results modestly beat expectations — EPS $0.63 vs. $0.58 and revenue $183.2M roughly in line with estimates; management is targeting ~9–9.6% revenue growth for FY2026, indicating accelerating platform adoption. BlackLine Announces Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Several analysts reaffirmed buy/outperform ratings and price targets (e.g., BofA $65, Rosenblatt $62, Citizens Jmp $70), signaling continued conviction in multi-year growth/AI transition potential. BlackLine: Solid Q4 Beat…
• Neutral Sentiment: Investor materials and deep-dive coverage (earnings slides, call transcripts, and platform/AI narrative) provide more detail but contain mixed signals on near-term acceleration vs. margin progress. Q4 Results Presentation Earnings Call Transcript
• Neutral Sentiment: Short-interest reports in the feed show zeros/NaN increases — likely a data or reporting anomaly and not meaningful evidence of a rising short position.
• Negative Sentiment: Several firms cut price targets or trimmed forecasts after the print (Citigroup cut PT from $70→$60; Cantor Fitzgerald lowered PT to $50), and some analysts publicly reduced estimates — adding downward pressure despite the beat. These Analysts Slash Their Forecasts On BlackLine
• Negative Sentiment: Technical and valuation headwinds — BL is trading below its 50- and 200-day moving averages, has a high P/E (~96) and elevated PEG (~8.4), making the name sensitive to any growth disappointment; elevated intraday volume indicates distribution. BlackLine stock trades down, here is why
• Negative Sentiment: Market commentary characterized the earnings call as “strength amid mixed signals,” implying caution: positives on platform adoption but questions about near-term cadence and margins. Earnings Call Shows Strength Amid Mixed Signals

BlackLine Company Profile

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.