DA Davidson cuts target for BlackLine stock to USD 23.00

Published on 10/05/2026 at 09:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 9.20 percent to USD 187.82 million in the second quarter of 2026. BlackLine stock costs EUR 24.46 on October 5, 2026 after EUR 24.36.

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DA Davidson cut its BlackLine target from USD 30.00 to USD 23.00 on September 28, 2026, and changed its rating from neutral to underperform, according to MarketBeat. The move came as BlackLine reported second-quarter revenue of USD 187.82 million, up 9.20 percent year over year, according to The Globe and Mail.

Target cut meets continued growth

The September 28 decision places the USD 23.00 target below the Lang & Schwarz euro quote, while the latest operating figures show continued expansion. MarketBeat reported that adjusted earnings per share reached USD 0.61 in the second quarter of 2026 against a USD 0.57 consensus estimate, a USD 0.04 difference.

The same report put revenue at USD 187.82 million against a USD 186.99 million estimate. That represents a USD 0.83 million revenue difference and a 9.20 percent year-over-year increase, giving investors two distinct signals: stronger reported execution and a more cautious analyst view.

Guidance points to higher revenue

BlackLine maintained full-year 2026 GAAP revenue guidance of USD 765 million to USD 769 million, representing growth of 9.20 percent to 9.80 percent, according to The Globe and Mail. Third-quarter GAAP revenue guidance was USD 193 million to USD 195 million, with expected growth of 8.30 percent to 9.40 percent.

The second-quarter call also showed non-GAAP operating margin of 23.30 percent and free cash flow of USD 36.5 million. Remaining performance obligations exceeded USD 1.1 billion and grew 17.00 percent year over year, a comparison that highlights the scale of contracted business relative to reported quarterly revenue.

EUR 24.46 in early Xetra trading

BlackLine was trading at EUR 24.46 at Lang & Schwarz on October 5, 2026 at 9:45 a.m. CEST, plus 0.41 percent versus the prior close of EUR 24.36. The company had a market capitalization of USD 1.6 billion as of October 2, 2026, while Nasdaq is the primary exchange.