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Stock impact report

BlackLine (BL) Stock Is Up, What You Need To Know [Yahoo! Finance]

BlackLine, Inc. (BL) 
NASDAQ:AMEX Investor Relations: investors.blackline.com
Company Research Source: Yahoo! Finance
Shares of financial automation software company BlackLine (NASDAQ:BL) jumped 3.6% in the afternoon session after Rosenblatt Securities initiated coverage on the financial software provider with a "Buy" rating and a $65 price target. The analyst firm noted that BlackLine, which specializes in financial software, was positioned to deliver accelerating growth. According to Rosenblatt, the company could also expand its margins significantly in the coming years. The $65 price target represented potential upside from the stock's trading price at the time of the announcement, reflecting a positive outlook on the company's future performance. Show less Read more
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