- BlackLine has consistently beat and raised revenue and EPS guidance throughout 2020 and given strong underlying demand trends, I believe there is an upside to Q4 metrics.
- With the recent acquisition of Rimilia and enterprises signaling accelerated digital transformation spend, management could provide 2021 revenue growth guidance nicely above consensus.
- Valuation appears pretty attractive at only ~14x 2022 revenue for a company growing revenue well above 20% for the next few years.
For further details see:
BlackLine: Despite High Valuation, There Is Still Upside Heading Into Earnings