Top 10 AI Stocks News: Latest Analyst Ratings And Upgrades

7. BlackLine Inc. (NASDAQ:BL)

Number of Hedge Fund Holders: 23

BlackLine Inc. (NASDAQ:BL) is a leading cloud software provider that helps clients automate financial accounting processes facilitated by AI, data unification, and transparency. The company is heavily tapping into AI, launching GenAI-powered products like the Financial Statement Summarizer and ML-based AR Payment Forecasting tool alongside the Intercompany Predictive Guidance and the Variance Automation software. These tools improve data accuracy, accelerate the transactional data review cycle, and offer predictive insights to significantly boost operational efficiency.

On January 27th, Citi placed a “90-day positive catalyst watch” on BlackLine (NASDAQ:BL) and retained a “Buy” rating with a price target of $73 per share. Citi highlighted that investor sentiment on BlackLine (NASDAQ:BL) is “overly negative,” with concerns of a potential guide down for 2025 versus consensus. However, the brokerage pointed out the AI company’s improved fundamentals in Q4, attributable to an expanded relationship with SAP, new product launches, and recent go-to-market changes that should help improve retention in 2025. Citi analysts expect the upcoming Q4 earnings to support its view with limited risk, as the company has already preannounced positively.