BL - BlackLine: Recent Pullback And Bullish Analyst Day Provides Great Buying Opportunity
- BlackLine recently reported strong Q4 results with revenue growing 19%, well above expectations, in addition to operating margins showing strength.
- Initial 2021 revenue guidance appears a little conservative at face value, though provides the company an easy bar for beat and raise quarters.
- Recent analyst day reinforced the accelerated digital transformation, which could benefit the company in coming quarters.
- Valuation remains attractive at only 12.6x 2023 revenue, considering the company is likely to grow revenue nicely above 10% with strong margin expansion over the next several years.
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BlackLine: Recent Pullback And Bullish Analyst Day Provides Great Buying Opportunity