Stocks · News reference
Piper Sandler has reaffirmed its 'Neutral' rating on BlackLine, Inc. while reducing its price target from $35 to $30.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
BlackLine, Inc. announced its financial results for the third quarter ended September 30, 2026, reporting total GAAP revenues of $193.4 million and a $100 million increase to its stock buyback program.
BlackLine, Inc. has entered into a strategic partnership with S3NS, a joint venture controlled by Thales in partnership with Google Cloud, to offer its financial operations platform on a trusted cloud infrastructure in France.
BlackLine, Inc. has scheduled the release of its financial results for the third quarter ended September 30, 2026, for November 5, 2026.
BlackLine announced its 2026 Modern Accounting Awards, honoring six enterprise leaders—Booking Holdings, Bristol Myers Squibb, James Hardie, LAZ Parking, Payoneer, and US Foods—for redefining financial operations through unified data architectures, intelligent automation, and agentic workflows. These organizations have eliminated tens of thousands of manual close hours and established continuous, audit-ready financial operations.
BlackLine stock fell over 5% on Monday following a downgrade by DA Davidson analyst Lucky Schreiner from neutral to underperform with a $23 price target. Schreiner cited concerns that advanced AI models could enable customers to build custom solutions, threatening legacy vendors like BlackLine, especially given its premium pricing. The analyst notes customers are increasingly opting to build their own solutions rather than purchase third-party products.
Major M&A deals this week include: Ridgeline Roofing buys Advantage Rooging, Forge buys Becker's Healthcare.