BlackLine Price Target Cut to $68 After Q4 Revenue and Earnings
Morgan Stanley trimmed BlackLine’s price target from $73 to $68 following its Q4 report, while maintaining an overweight rating. The company posted $183 million in quarterly revenue, $702 million in ARR, 9% billing growth, a 25% non-GAAP net margin and repurchased $34 million in shares.
1. Analyst Price Target Reduction
Morgan Stanley analyst Chris Quintero lowered BlackLine’s price target from $73 to $68 after reviewing Q4 results, while reaffirming an overweight rating, reflecting tempered near-term growth expectations.
2. Q4 Financial Performance
BlackLine reported $183 million in Q4 revenue, $702 million in annual recurring revenue, $1.1 billion in total remaining performance obligations and a 9% increase in billings; non-GAAP net income reached $45 million, a 25% margin.
3. Share Buybacks
During the quarter, BlackLine repurchased $34 million in shares, bringing total buybacks for fiscal year 2025 to $235 million, underlining management’s commitment to returning capital to shareholders.
4. Outlook for FY26
For Q1, BlackLine forecasts GAAP revenue of $180–182 million (8–9% growth) and full-year GAAP revenue of $764–768 million (9.1–9.6% growth), with a non-GAAP operating margin expected between 23.7% and 24.3%.