BlackLine (BL) Stock Forecast & Price Target

BlackLine Inc. is positioned for significant revenue growth as it anticipates an increase from 6% in the first quarter to 10% by the end of 2026 and approximately 13% by the end of 2027. The company's strategic investments in a re-architected platform and a new pricing model are expected to enhance customer growth and align value realization, while management has successfully maintained higher margin performance during this transition. Additionally, the migration to Google Cloud Platform has contributed to gross margin expansion, supporting an overall improving financial profile, as evidenced by a 35% growth in customers spending over $250,000 annually and a remarkable 73% increase in those exceeding $1 million.

BlackLine Inc. has experienced a significant slowdown in growth, declining from 20% in the fourth quarter of 2022 to just 6% in the first quarter of 2025, raising concerns about its financial trajectory. Additionally, the company has contended with elevated customer churn, particularly among smaller clients, which poses a risk to future revenues if these customers opt for more aggressive financial accounting solutions. Furthermore, despite having a stable customer count of 4,424 year-over-year, the modest 8% year-over-year increase in revenue per customer signals potential challenges in attracting new clientele and enhancing overall revenue.