Truist Securities Maintains Hold Rating on BlackLine (BL) with Raised Price Target to $50.00.

Truist Securities analyst Terry Tillman maintained a "Hold" rating for BlackLine (BL) with a raised price target from $45 to $50, an 11.11% increase. Recent ratings include upgrades from DA Davidson, BMO Capital, Morgan Stanley, and Raymond James, while Citigroup maintained a "Buy" rating with a raised target from $58 to $67. The average target price is $61.58, with a high of $80 and a low of $48. The average brokerage recommendation is 2.5, indicating "Outperform" status. The estimated GF Value is $75.10, suggesting a 48.37% upside from the current price.

BlackLine, Inc. (Nasdaq: BL) reported its second quarter 2025 financial results, showcasing a 7% increase in total GAAP revenues to $172 million, with a GAAP operating margin of 4.4%. The company highlighted its achievements in executing a disciplined go-to-market strategy, launching the Studio360 platform, and refining its pricing strategy [1].

The company's net income attributable to BlackLine decreased significantly to $8.3 million, or $0.13 per diluted share, from $76.7 million in the second quarter of 2024. This drop was largely attributed to a one-time gain from debt extinguishment last year. Operating cash flow fell to $32.3 million, down from $40.7 million year-over-year, and free cash flow decreased to $25.4 million, down from $34.4 million in the same quarter last year [1].

BlackLine expanded its customer base to a total of 4,451 customers and achieved a dollar-based net revenue retention rate of 105%, indicating effective customer retention and upselling strategies. The company also announced the integration of Agentic AI capabilities to accelerate future-ready financial operations [1].

Analysts have responded to BlackLine's Q2 results with mixed ratings. Truist Securities analyst Terry Tillman maintained a "Hold" rating but raised the price target from $45 to $50, an 11.11% increase. Other recent upgrades include DA Davidson, BMO Capital, Morgan Stanley, and Raymond James, while Citigroup maintained a "Buy" rating with a raised target from $58 to $67. The average target price is $61.58, with a high of $80 and a low of $48. The average brokerage recommendation is 2.5, indicating an "Outperform" status. The estimated GF Value is $75.10, suggesting a 48.37% upside from the current price [2].

BlackLine anticipates third quarter revenue between $177 million and $179 million, projecting a non-GAAP operating margin of 20% to 21%. For the full year 2025, the company expects total GAAP revenue to be in the range of $696 million to $705 million, with a non-GAAP operating margin of 21.5% to 22.5% [1].

References:
[1] https://www.quiverquant.com/news/BlackLine%2C+Inc.+Reports+Strong+Second+Quarter+2025+Financial+Results+Driven+by+Innovation+and+Strategic+Initiatives
[2] https://www.quiverquant.com/news/Truist+Securities+analyst+Terry+Tillman+raises+price+target+for+BlackLine+to+$50