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Raymond James Financial Inc. recorded Blackline Inc (NYSE:BL), raising its target price to $31.00 today

Blackline Inc (NYSE:BL) had its target bumped up to $31.00 by Raymond James Financial Inc. in a report released 11/22/2016. The new stock price target indicates a possible upside of 0.12% based on the company's previous stock price.

Just yesterday Blackline Inc (NYSE:BL) traded -0.48% lower at $27.75. Blackline Inc’s 50-day moving average is $24.78 and its 200-day moving average is $24.78. The last stock price is up 8.30% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 81,994 shares of BL traded hands, down from an average trading volume of 188,469

Recent Performance Chart

Blackline Inc (NYSE:BL)

Blackline Inc has 52 week low of $21.66 and a 52 week high of $28.50 and has a market capitalization of $0.

Brief Synopsis On Blackline Inc (NYSE:BL)

BlackLine, Inc. is a holding company. The Company provides cloud-based software platform that is designed to automate and streamline accounting and finance operations. The Company's platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance. Its platform consists of seven core cloud-based products, including Account Reconciliation, Task Management, Transaction Matching, Journal Entry, Variance Analysis, Consolidation Integrity Manager and Daily Reconciliation. The Company's solutions include Reconciliation Management and Financial Close Management, Intercompany Hub and Insights. The Company's platform integrates with a range of general ledger systems, financial systems and in-house databases, customer applications and data, and over 30 enterprise resource planning (ERP) systems, including NetSuite, Oracle and Workday. The Company offers its customers implementation and consulting services.

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