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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For further details see:
Blackbaud: Finally Ripe For A Rally (Rating Upgrade)