BLKB - Blackbaud: Finally Ripe For A Rally (Rating Upgrade)

2024-04-14 22:04:07 ET

Summary

• Blackbaud, a CRM software company, is an under-the-radar tech company that is down more than 10% year to date.
• The company is accelerating revenue growth, in part driven by a new renewal pricing structure that is generating more expansion revenue from existing customers.
• Acquirer interest from Clearlake Capital and an expanded share buyback program make Blackbaud stock a potentially lucrative investment.

As more volatility continues in the markets, I continue to believe that the best way investors can position their portfolios no matter the macro outcome is to lean on under-recognized, contrarian plays....

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