BLKB - Blackbaud: With Offer On The Table This Company Is Convinced It's Worth More
2024-06-28 13:11:23 ET
Summary
- Blackbaud recently rejected an $80/share offer for the company by one of its shareholders.
- The company sits just under that offer value now, and believes it's worth substantially more.
- Blackbaud's improved revenue performance and contract renewal initiatives make it a strong investment opportunity with potential for growth.
- I'm retaining my bullish call on the stock with a $91 price target (~20% upside from current levels).
After struggling in the post-pandemic era to resuscitate its sales growth, Blackbaud ( BLKB ) is suddenly looking like a hot commodity again. The CRM platform specifically designed for charitable giving and non-profit institutions is back to an accelerating revenue growth trend....
Blackbaud: With Offer On The Table, This Company Is Convinced It's Worth More