BlackLine Reaches Analyst Target Price
April 20, 2017 at 13:18 PM EDT
In recent trading, shares of BlackLine Inc (BL) have crossed above the average analyst 12-month target price of $32.25, changing hands for $32.44/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..