Morgan Stanley Lowers BlackLine Price Target to $68, Maintains 'Overweight' Rating

Morgan Stanley has adjusted its price target for BlackLine (NASDAQ:BL) shares, lowering it to $68 from $73, while simultaneously reaffirming its 'Overweight' rating and 'Top Pick' status for the financial software firm. This revision comes despite BlackLine's robust financial performance in Q4 2025, where the company successfully surpassed Wall Street's expectations for both earnings per share and revenue. The company also demonstrated several positive growth indicators, including strong contract revenue performance obligations, improved trailing twelve-month (TTM) billings, and healthy annual recurring revenue growth. Furthermore, BlackLine reported an enhanced net revenue retention rate, underscoring its ability to retain and grow revenue from existing customers. Despite the modest price target reduction, Morgan Stanley's continued 'Overweight' rating signals a sustained positive outlook on BlackLine's underlying business fundamentals and future potential.