Pacific Crest Starts Blackbaud (BLKB) at Sector Weight
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Price: $48.16 -2.31%
Rating Summary:
4 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
4 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Pacific Crest initiated coverage on Blackbaud (NASDAQ: BLKB) with a Sector Weight rating.
Analyst Ben McFadden said, "Blackbaud appears to be taking the right steps to accelerate its business and drive nonprofits into cloud offerings. However, we view other names as more favorable near term due to the pace of the FCF ramp and current valuation, which is at the high end of its historical rang."
For an analyst ratings summary and ratings history on Blackbaud click here. For more ratings news on Blackbaud click here.
Shares of Blackbaud closed at $61.77 yesterday.
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