Blackbaud price target lowered to $45 from $50 at Stifel

Stifel lowered the firm’s price target on Blackbaud (BLKB) to $45 from $50 and keeps a Hold rating on the shares. With the recent mid-quarter announcement of general availability of its first Agent for Good, Development Agent, the firm thinks a key focus of the earnings call on Wednesday will be the company’s near-term outlook for adoption and mid/long-term growth implications from the launch of its agentic tools, the analyst tells investors in a preview.