14 AI Stocks on Wall Street’s Radar

13. BlackLine, Inc. (NASDAQ:BL)

Number of Hedge Fund Holders: 23  

BlackLine, 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.