Baird lowered the firm’s price target on Blackbaud (BLKB) to $60 from $70 and keeps a Neutral rating on the shares. The firm updated its model following Q4 results which showed solid execution and encouraging 2026 guidance.
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Read More on BLKB:
- Blackbaud Earnings Call Highlights Growth, Cash, and AI
- Blackbaud price target lowered to $60 from $85 at Raymond James
- Blackbaud price target lowered to $50 from $70 at Stifel
- Blackbaud expects to repurchase 5.0%-10.0% of outstanding shares in 2026
- Blackbaud reports Q4 non-GAAP EPS $1.19, consensus $1.13