Blackbaud Inc (NDAQ:BLKB) Rating Maintained
Benchmark currently has a $90.00 target price on the $3.94B market cap company or 11.41 % upside potential. In a report issued to clients and investors on Tuesday, 2 May, Blackbaud Inc (NDAQ:BLKB) stock had its “Buy” Rating kept by research analysts at Benchmark.
NDAQ:BLKB is currently trading -0.81% lower at $80.84 as of 8:00 AM New York time. Blackbaud Inc’s stock is 0% over the last 200 days. It has underperformed the S&P500, which has surged 10.38% over the same time.
Out of 8 analysts covering Blackbaud Inc, 6 rate it a Buy, 2 indicate a Hold while 0 suggest a Sell. The highest target is $77 and the lowest is $69 according to Thomson/First Call. The 12-month mean target is $72.13, which means downside potential of 10.77% over the current price.
Blackbaud Inc (NDAQ:BLKB) Profile
Blackbaud, Inc. is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Its segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).
Blackbaud Inc (NDAQ:BLKB) traded down -0.81% on 2 May, hitting $80.84. A total of 701,031 shares of the company’s stock traded hands. This is up from average of 258,166 shares. Blackbaud Inc has a 52 week low of $55.88 and a 52 week high of $81.68. The company has a market cap of $3.94 billion and a P/E ratio of 92.3.
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The post Benchmark Reconfirms Blackbaud Inc (NDAQ:BLKB) As “Buy”; Has Price Objective Of $90.00 appeared first on Octafinance.