The Globe and Mail reports in its Friday edition that ATB Capital Markets analyst Martin Toner has reaffirmed his "outperform" recommendation for Blackline Safety. The Globe's David Leeder writes that Mr. Toner boosted his share target by a loonie to $11. Analysts on average target the shares at $9.29. Mr. Toner says in a note: "The Company continues to grow profitability, though noted that the year-over-year product decline was a result of some customers delaying purchase decisions as international trade environments continue to evolve. Despite recent macro challenges, management noted that the pipeline remains strong, with focus moving forward being put on mitigating delays in customer purchasing decisions. We believe investors should look at current uncertainty as an opportunity to accumulate a high-quality growth story at a reasonable price (four times 2025 sales). We raised our long-term margin estimates given momentum seen in software margins." The Globe reported on Jan. 17 that National Bank had reiterated its "outperform" recommendation for Blackline. It was then worth $6.74. The Globe reported on Jan. 24 and March 14 that Ventum Capital's Amr Ezzat rated Blackline "buy." It was then worth $6.98 and $6.88.
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