Blackbaud price target raised to $85 from $80 at Stifel

Stifel raised the firm’s price target on Blackbaud to $85 from $80 and keeps a Hold rating on the shares after having attended Blackbaud’s annual customer conference, bbcon, in Seattle. With many new features expected to roll out in 2025, the firm believes it is important for the company to capitalize on these investments and modernize its platform in response to its annual price escalators, adding that it believes Blackbaud will successfully complete its pricing roll-out in 2026.