JMP Securities Raises BlackLine, Inc. (BL) Price Target to $86, Highlights $45B Market Opportunity

Insider Monkey11-24

We recently compiled a list of the 14 AI Stocks on Wall Street's Radar. In this article, we are going to take a look at where BlackLine, Inc. (NASDAQ:BL) stands against the other AI stocks that are on...

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(NASDAQ:BL) stands against the other AI stocks that are on...</p>\n\n<a href=\"https://finance.yahoo.com/news/jmp-securities-raises-blackline-inc-051506179.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JMP Securities Raises BlackLine, Inc. 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(BL) Price Target to $86, Highlights $45B Market Opportunity\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-24 13:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jmp-securities-raises-blackline-inc-051506179.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled a list of the 14 AI Stocks on Wall Street's Radar. In this article, we are going to take a look at where BlackLine, Inc. (NASDAQ:BL) stands against the other AI stocks that are on...</p>\n\n<a href=\"https://finance.yahoo.com/news/jmp-securities-raises-blackline-inc-051506179.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JMP","symbol_name":"JMP Group","start_time":0,"source_url":"https://finance.yahoo.com/news/jmp-securities-raises-blackline-inc-051506179.html","article_id":"2485752185","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/lqUx269yRXx1sJ2.L502jw--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/9cc859ec01e110fa925b1d15e4002cfe"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485752185","pubTimestamp":1732425306,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the 14 AI Stocks on Wall Street's Radar.In this article, we are going to take a look at where BlackLine, Inc.  stands against the other AI stocks that are on Wall Street's Radar.BlackLine, Inc.  provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. The firm offers AI solutions to businesses that transform raw financial data into insightful summaries that are easy to understand. On November 22, JMP Securities raised the price target on the stock to $86 from $81 and kept an Outperform rating on the shares after attending the company's annual Beyond the Black user conference. While many of its initiatives will take time to have a visible impact on the model, the advisory continues to like BlackLine as an excellent opportunity for capital appreciati","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"JMP":"JMP Group","BL":"Blackline Inc."},"translate_title":"JMP Securities将BlackLine,Inc.(BL)目标价上调至86美元，强调45B美元的市场机会","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BL":1,"JMP":1},"content_text":"We recently compiled a list of the 14 AI Stocks on Wall Street's Radar. In this article, we are going to take a look at where BlackLine, Inc. (NASDAQ:BL) stands against the other AI stocks that are on Wall Street's Radar.\nLatest reports from tech news platform TechCrunch indicate that MatX, a chip-design startup focused on supporting large language models, has raised $80 million in a funding round. This follows the $25 million seed round it held less than a year ago. The latest round, led by Spark Capital, values the company at a pre-money valuation in the mid-$200 million range and a post-money valuation in the low $300 million range, per TechCrunch. MatX was co-founded two years ago by former Google TPU team members Mike Gunter and Reiner Pope, who aim to address the global shortage of AI-specific chips.\nRead more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.\nThe company’s chips are optimized for AI workloads of 7 billion to 20 billion parameters or more, providing high performance at lower costs. MatX highlights its advanced interconnect technology, which enhances scalability for large clusters. The co-founders claim their processors are designed to outperform NVIDIA GPUs, with a goal of achieving tenfold efficiency in training LLMs and delivering results. The AI hardware sector has seen growing investor interest amid increasing demand for chips tailored for generative AI.\nRead more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.\nFor this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A close up of a laptop with a silhouette of a financial analyst and the city skyline in the background. \nBlackLine, Inc. (NASDAQ:BL)\nNumber of Hedge Fund Holders: 23   \nBlackLine, Inc. (NASDAQ:BL) provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. The firm offers AI solutions to businesses that transform raw financial data into insightful summaries that are easy to understand. On November 22, JMP Securities raised the price target on the stock to $86 from $81 and kept an Outperform rating on the shares after attending the company's annual Beyond the Black user conference. While many of its initiatives will take time to have a visible impact on the model, the advisory continues to like BlackLine as an excellent opportunity for capital appreciation, as BlackLine offers a powerful suite of invoice-to-cash and record-to-report solutions that are now even easier for customers to access with Studio360, and it addresses a large market opportunity estimated at $45 billion, JMP told investors in a research note.\nOverall BL ranks 13th on our list of the stocks on Wall Street's radar. While we acknowledge the potential of BL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than BL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.   \nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485752185"}