BL Price Prediction Next Week
Analysis and Insights
Based on the analysis of news and technical indicators, here is the prediction for BlackLine Inc (BL) stock price for the next trading week:
Technical Analysis:
- RSI (14-day): 46.16, indicating the stock is near oversold territory but not yet oversold.
- MACD: Currently showing a slight bearish signal with a value of -1.38.
- Fibonacci Levels:
- Pivot Point: $48.89
- Resistance Levels: $50.35 (R1), $51.25 (R2)
- Support Levels: $47.44 (S1), $46.54 (S2)
News Sentiment:
- Recent news indicates that BL has been oversold, with potential buying opportunities emerging due to its low RSI levels and recent price drops following earnings reports.
Price Prediction:
- Target Price: $51.25
- Support Level: $47.44
Recommendation:
- Buy at the support level of $47.44 with a target price of $51.25.
- Set a stop-loss at $45.08 to limit potential losses.
BL Similar Chart Price Prediction
The price of BL is predicted to go up -1.91%, based on the high correlation periods with MEI. The similarity of these two price pattern on the periods is 99.19%.
BL
MEI
Down: -1.91%Similarity: 99.19%
BL Revenue Forecast
BL EPS Forecast
BL FAQs
What is BL revenue forecast for next quarter？
What is BL eps forecast for next quarter？
BL Analyst's Forecast
Steven Enders
Citigroup
Strong Buy
2025-02-12
Price Target
$73 → $70
Upside
+34.4%
Citi lowered the firm's price target on BlackLine to $70 from $73 and keeps a Buy rating on the shares. The company reported a weaker Q4 with a combination of currency, deal pushouts, and some user seat attrition driving a billings miss, below consensus 2025 growth guidance, and slower growth in Q1, the analyst tells investors in a research note. While Citi was hoping for faster contribution from the re-vamped SAP partnership, it views this primarily as a timing issue and sees any share price weakness as an "enhanced buying opportunity."
Brent Bracelin
Piper Sandler
Sell
2025-02-12
Price Target
$60 → $58
Upside
+11.36%
Koji Ikeda
B of A Securities
Sell → Strong Buy
2025-01-30
Price Target
$50 → $75
Upside
+18%
