BlackLine, Inc.

NasdaqGS:BL Stock Report

Market Cap: US$1.8b

BlackLine Future Growth

Future criteria checks 4/6

BlackLine is forecast to grow earnings and revenue by 55.3% and 10.1% per annum respectively. EPS is expected to grow by 44.1% per annum. Return on equity is forecast to be 39.9% in 3 years.

Key information

55.3%

Earnings growth rate

44.15%

EPS growth rate

Software earnings growth20.5%
Revenue growth rate10.1%
Future return on equity39.86%
Analyst coverage

Good

Last updated05 Aug 2026

Recent future growth updates

Recent updates

Narrative Update • Aug 06

BL: AI Automation And Control Layer Will Drive Future Upside

For BlackLine, the analyst price target has shifted from about $41.77 to $38.80. Analysts point to updated assumptions on discount rates, revenue growth, profit margins, and future P/E as the main drivers of this revision.
Seeking Alpha • Aug 05

BlackLine: 'Buy' As Platform Pricing Takes Root

Summary BlackLine offers a compelling value opportunity after a ~40% YTD decline and industry-low valuation multiples. I advocate rotating into small- and mid-cap value names like BL, especially as investors move away from AI infrastructure trades. BL's Q2 results were healthy, but shares dropped ~5% due to unchanged full-year growth guidance despite improved margin and EPS targets. I reiterate my 'Buy' rating, seeing BL as resilient to AI disruption and poised for a valuation re-rating. Read the full article on Seeking Alpha
Narrative Update • Jul 22

BL: New AI Governance Capabilities Will Support Future Shareholder Upside

Analysts have adjusted their price target on BlackLine to approximately $65.25 from $70.00, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What’s in the News for BlackLine BlackLine opened a new office in Birmingham at 10 Brindleyplace, providing a modern, collaborative workspace to support its growing UK team and reinforcing its commitment to the city as a hub for innovation and growth.
Narrative Update • Jul 01

BL: AI Governance Expansion And Profitability Pressures Will Shape Balanced Outlook

Analysts have reduced their price target for BlackLine to $26. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E expectations.
Narrative Update • Jun 17

BL: AI Platform Pricing And Verity Control Layer Will Drive Future Upside

Analysts have reiterated their BlackLine price target at $41.77, with the slight adjustment in the underlying discount rate and future P/E assumptions reflecting refreshed views on the stock's risk profile and valuation framework rather than a change in the headline target. What’s in the News for BlackLine BlackLine executives highlighted that finance and accounting teams are adopting AI cautiously, with a clear focus on accuracy, controls, and predictable economics over experimental use of new tools.
Analysis Article • Jun 17

BlackLine (BL) Stock Could Be 32.7% Undervalued After Mixed Earnings Signals

BlackLine (BL) is back in focus after its latest earnings report, where management highlighted better-than-expected revenue and operating leverage, but investors are weighing those positives against slowing customer additions and pressure on billings and margins. See our latest analysis for BlackLine. BlackLine’s latest earnings beat did little to offset a sharp reset in expectations, with the stock down about 47.8% year to date on a share price basis and the 1 year total shareholder return...
Narrative Update • Jun 03

BL: AI Initiatives And Larger Buybacks Will Support Stronger Future Returns

Analysts have reset their price target on BlackLine from about $55.23 to roughly $41.77, reflecting updated views on its projected revenue growth, profit margins, and a lower assumed future P/E multiple. What's in the News Issued earnings guidance for Q2 2026, with total GAAP revenue expected between US$186 million and US$188 million.
Narrative Update • May 10

BL: AI Operations, Governance Changes And Buybacks Will Shape Balanced Outlook

Analysts have trimmed their price target on BlackLine from $35.00 to $32.00 as updated assumptions incorporate slightly different revenue growth, profit margin, and future P/E expectations. What's in the News BlackLine issued earnings guidance for the first quarter of 2026, with expected total GAAP revenue between $180 million and $182 million, and full year 2026 GAAP revenue guidance between $764 million and $768 million.
Narrative Update • Apr 24

BL: AI Agentic Operations Will Unlock Undervalued Upside Over Time

Analysts have reduced their price target on BlackLine from $44.00 to $35.00. They cited updated assumptions around a slightly higher discount rate, a modestly different revenue growth outlook, a small shift in expected profit margins and a lower future P/E multiple.
Narrative Update • Apr 10

BL: Share Repurchases And Board Changes Will Support Stronger Future Returns

Analysts have trimmed their BlackLine price target from about $61.83 to $55.23. The revised target reflects updated views on higher discount rates, slightly different revenue growth expectations, a higher projected profit margin, and a lower assumed future P/E multiple.
Narrative Update • Mar 26

BL: Expanded Buybacks And Activist Cooperation Will Support Future Shareholder Upside

Analysts have kept BlackLine's price target steady at $70.00, citing small adjustments to assumptions around the discount rate, revenue growth, profit margins, and future P/E that offset each other in their updated models. What's in the News BlackLine increased its equity buyback authorization by US$100 million to a total of US$500 million as of March 13, 2026, expanding its capacity to repurchase shares (Key Developments).
Narrative Update • Mar 11

BL: Activist Board Challenge And Buybacks Will Unlock Undervalued Upside

Analysts have lowered their price target on BlackLine from $48.00 to $44.00, reflecting updated assumptions for revenue growth, profit margins, discount rate, and future P/E multiples in their models. What's in the News BlackLine updated its share repurchase activity, buying 600,000 shares, about 1% of shares, for US$33.8 million between October 1, 2025 and December 31, 2025, bringing total buybacks under the November 19, 2024 authorization to 4,464,000 shares, about 7.22% of shares, for US$235.61 million (company filing).
Narrative Update • Feb 25

BL: Activist Board Challenge And Repurchases Will Support Future Shareholder Upside

Analysts have lowered their price target on BlackLine from $73 to $70, citing updated assumptions for revenue growth, profitability and future P/E levels. They still see room for meaningful margins over time.
Analysis Article • Feb 17

BlackLine's (NASDAQ:BL) Soft Earnings Are Actually Better Than They Appear

BlackLine, Inc.'s ( NASDAQ:BL ) earnings announcement last week didn't impress shareholders. Despite the soft profit...
Narrative Update • Feb 11

BL: Activist Campaign And Board Changes Will Unlock Future Shareholder Upside

Analysts have trimmed their fair value estimate for BlackLine from US$80.00 to US$73.00, citing updated assumptions that include a slightly higher discount rate, a higher revenue growth outlook, a lower profit margin profile, and a higher future P/E multiple. What's in the News Engaged Capital LLC formally submitted a nomination notice on February 2, 2026 to put three director candidates, including Storm Duncan, Christopher Hallenbeck and Christopher L.
Narrative Update • Jan 26

BL: Activist Sale Push And Modest Margins Will Constrain Future Returns

Analysts have kept their price target for BlackLine steady at US$48.00. They point to only small updates in assumptions for discount rate, revenue growth, profit margin and future P/E as justification for maintaining their view.
Narrative Update • Jan 12

BL: Activist Push For Sale And Modest Margins Will Pressure Shares

Analysts have kept their fair value target for BlackLine steady at US$48.00. This reflects slightly different assumptions around discount rate, revenue growth, profit margin and future P/E that broadly offset one another in their models.
Analysis Article • Jan 05

BlackLine (NASDAQ:BL) Is Doing The Right Things To Multiply Its Share Price

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Narrative Update • Dec 26

BL: Activist Pressure And Modest Profitability Will Weigh On Shares

Analysts have maintained their BlackLine price target at $48.00. This reflects modestly improved assumptions for long-term revenue growth and profitability, which are largely offset by a slightly lower future earnings multiple.
Narrative Update • Dec 12

BL: Softer Margins And Higher Risk Will Pressure Share Price

Analysts have modestly lowered their price target on BlackLine to $48.00. This reflects slightly softer expectations for revenue growth and profit margins, along with a small uptick in the assumed discount rate.
Analysis Article • Sep 01

Is Now An Opportune Moment To Examine BlackLine, Inc. (NASDAQ:BL)?

While BlackLine, Inc. ( NASDAQ:BL ) might not have the largest market cap around , it saw a decent share price growth...
Analysis Article • Jul 24

BlackLine (NASDAQ:BL) Could Easily Take On More Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Jun 29

Returns At BlackLine (NASDAQ:BL) Are On The Way Up

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
Analysis Article • Jun 17

We Ran A Stock Scan For Earnings Growth And BlackLine (NASDAQ:BL) Passed With Ease

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Feb 18

BlackLine's (NASDAQ:BL) Shareholders Should Assess Earnings With Caution

Strong earnings weren't enough to please BlackLine, Inc.'s ( NASDAQ:BL ) shareholders over the last week. We did some...
Seeking Alpha • Feb 13

BlackLine: Worrying Growth Trends (Rating Downgrade)

Summary BlackLine shares slid nearly 20% after the company reported disastrous Q4 results, showing continued deceleration in revenue growth while also suffering large slips in operating margin. The company's FY25 implies growth slowing further to a mere 7-8% range, well below the company's target goal of recovering growth to the mid-teens. BlackLine may be subject to vendor consolidation as its niche finance software faces sharp competition from broader platforms like SAP and Workday. Despite its cheap valuation at <5x forward revenue, BlackLine's consistent deceleration and market challenges lead me to downgrade my rating to a sell. Read the full article on Seeking Alpha
Analysis Article • Feb 02

Returns Are Gaining Momentum At BlackLine (NASDAQ:BL)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Seeking Alpha • Jan 24

BlackLine: On Stronger Footing With Richer Margins (Upgrade)

Summary I'm upgrading BlackLine to a neutral rating, driven by evidence that the company's growth rates are stabilizing. The company recently issued a press release to note that it expects to meet or exceed the high end of its guidance for Q4. BlackLine's strategic shift to the mid-market segment has helped the company focus on spending, leading to large jumps in operating margins and FCF. The stock trades at a reasonable ~20x forward FCF multiple, which balances out its competitive risks. Read the full article on Seeking Alpha
Analysis Article • Jan 20

Is BlackLine (NASDAQ:BL) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Jan 06

Is There Now An Opportunity In BlackLine, Inc. (NASDAQ:BL)?

While BlackLine, Inc. ( NASDAQ:BL ) might not have the largest market cap around , it saw a decent share price growth...
Seeking Alpha • Dec 19

BlackLine: Acceleration To Mid-Teens Revenue Growth Is Possible

Summary I reiterate my buy rating for BlackLine due to its potential to accelerate growth to mid-teens, triggering an upward valuation rerating. BL's strategic shift towards larger enterprise customers and the launch of the Studio360 platform are key drivers for achieving mid-teens revenue growth. The new pricing model, allowing unlimited users and consumption-based components, should significantly boost blended pricing as the mix of larger customers grows. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NasdaqGS:BL - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028934N/A2402723
12/31/20278478419623112
12/31/20267675616020212
6/30/202673235149182N/A
3/31/202671727138169N/A
12/31/202570025135170N/A
9/30/202568776152187N/A
6/30/202567488144179N/A
3/31/2025663156153187N/A
12/31/2024653161164191N/A
9/30/2024640127163189N/A
6/30/2024624122145170N/A
3/31/202460876128154N/A
12/31/20235905399127N/A
9/30/20235744284110N/A
6/30/2023558106997N/A
3/31/2023542-314679N/A
12/31/2022523-292656N/A
9/30/2022498-782152N/A
6/30/2022473-711445N/A
3/31/2022447-862752N/A
12/31/2021426-1155780N/A
9/30/2021406-955073N/A
6/30/2021387-905877N/A
3/31/2021368-735475N/A
12/31/2020352-473555N/A
9/30/2020336-393348N/A
6/30/2020321-402236N/A
3/31/2020307-37N/A35N/A
12/31/2019289-33N/A30N/A
9/30/2019271-32N/A26N/A
6/30/2019255-27N/A21N/A
3/31/2019241-30N/A17N/A
12/31/2018228-29N/A16N/A
9/30/2018215-24N/A14N/A
6/30/2018202-32N/A13N/A
3/31/2018189-33N/A10N/A
12/31/2017176-33N/A6N/A
9/30/2017161-45N/A-2N/A
6/30/2017148-39N/A-2N/A
3/31/2017135-38N/A-2N/A
12/31/2016128-26N/A-5N/A
9/30/2016112-31N/A2N/A
6/30/2016102-31N/A-1N/A
3/31/201692-30N/A-3N/A
12/31/201584-25N/A1N/A
9/30/201575-23N/A2N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BL's forecast earnings growth (55.3% per year) is above the savings rate (3.7%).

Earnings vs Market: BL's earnings (55.3% per year) are forecast to grow faster than the US market (17.3% per year).

High Growth Earnings: BL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BL's revenue (10.1% per year) is forecast to grow slower than the US market (13.4% per year).

High Growth Revenue: BL's revenue (10.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BL's Return on Equity is forecast to be high in 3 years time (39.9%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/09 22:02
End of Day Share Price 2026/09/09 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BlackLine, Inc. is covered by 24 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert OliverBaird
null nullBMO Capital Markets Equity Research
Daniel JesterBMO Capital Markets Equity Research