BlackLine – Consensus indicates upside potential of 17.9%
Black line with ticker code (BL) now have 10 total analysts covering the stock. The consensus rating is “Buy”. The target price is between 163 and 84, with the average target price being 134.2. Given that the previous close of shares was at 113.83, this indicates that there is a potential upside of 17.9%. The 50 day moving average is 112.26 while the 200 day moving average is 111.54. The company’s market capitalization is $ 6,885 million. Company website: http://www.blackline.com
BlackLine provides cloud-based solutions to automate and streamline accounting and financial operations in the United States and internationally. It offers financial close management solutions that include account reconciliations providing a centralized workspace from which users can collaborate to perform account reconciliations; transaction matching which analyzes and reconciles high volumes of individual transactions from different data sources based on user configured logic; task management, which allows users to create and manage processes and task lists; journal entry that allows users to manually or automatically generate, review and publish manual journal entries; variance analysis that monitors and identifies abnormal fluctuations in balance sheet and income statement balances; a Consolidation Integrity Manager that manages the automated system-to-system connection process that occurs during the consolidation phase of financial close; and compliance which facilitates compliance initiatives, consolidates project management and provides visibility into self-assessments and control testing. The company also provides a treasury application that drives the end-to-end process from invoice to bank collection. In addition, it offers an intercompany workflow that stores authorizations by entity and transaction type, ensuring that the initiator and approver of the intercompany transaction are authorized to conduct business; intercompany processing, which records the intercompany transactions of an organization; and clearing and settlement which generates a real-time aggregated settlement matrix that shows transaction balances across the organization. The company sells its solutions primarily through a direct sales force to multinational companies, large national companies and mid-market companies in various industries. BlackLine was founded in 2001 and is headquartered in Woodland Hills, California.
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