Breaking Finance News

Bank of America Corp. announced Blackbaud, Inc. (NASDAQ:BLKB), bumping up its stock price target to $65.00 today

Just yesterday Blackbaud, Inc. (NASDAQ:BLKB) traded -0.60% lower at $67.42. Blackbaud, Inc.’s 50-day moving average is $63.49 and its 200-day moving average is $65.49. The last stock price is up -3.10% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 143,915 shares of BLKB traded hands, down from an average trading volume of 310,022

In a report issued 11/23/2016 Bank of America Corp. raised the target price of Blackbaud, Inc. (NASDAQ:BLKB) to $65.00 reporting a potential downside of -0.04%.

Previously on Thursday February 11, 2016, B. Riley released a statement about Blackbaud, Inc. (NASDAQ:BLKB) increased the target price from $0.00 to $75.00. At the time, this indicated a possible upside of 0.39%.

Recent Performance Chart

Blackbaud, Inc. (NASDAQ:BLKB)

Blackbaud, Inc. has 52 week low of $49.89 and a 52 week high of $71.76 with a PE ratio of 97.63 and has a market capitalization of $0.

In addition to Bank of America Corp. reporting its stock price target, a total of 8 brokerages have issued a research note on the company. The average stock price target is $72.13 with 2 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Blackbaud, Inc. (NASDAQ:BLKB)

Blackbaud, Inc. is a provider of software and services for the global philanthropic community. The Company's segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU). The GMBU is focused on marketing, sales, delivery and support to all emerging and mid-sized prospects and customers in North America. The ECBU is focused on marketing, sales, delivery and support to all large and/or strategic prospects and customers in North America. The IBU is focused on marketing, sales, delivery and support to all prospects and customers outside of North America. It operates in four geographic regions: United States, Canada, Europe and Australia. The Company's customers use its cloud-based and on-premises software solutions and related services to help manage donations, fundraising costs, communications with constituents and manage their finances.

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