
Blackbaud (BLKB) Stock Forecast & Price Target
Blackbaud (BLKB) Analyst Ratings
Bulls say
Blackbaud has exhibited promising financial metrics, notably a gross margin of 59.9% and an EBIT margin of 28.4% in Q4'23, both of which surpassed consensus estimates and reflect improved operational efficiency. The company anticipates significant revenue uplift from its 2023 cohort, with forecasts suggesting that growth could more than double in 2024, bolstered by successful price increases upon renewal and enhanced product offerings. Additionally, Blackbaud’s strategic focus on digital transformation and commitment to ESG initiatives underlines its potential for long-term, profitable growth within the social good sector.
Bears say
Blackbaud's Q4 2023 revenue of $295.0 million fell approximately 1% short of consensus expectations, signaling potential challenges in maintaining growth momentum within its target market. The company’s 2024 guidance for non-GAAP revenue suggests only modest organic growth and is slightly below analyst forecasts, indicating increasing difficulties in achieving higher revenue performance amid risks such as a reduction in nonprofit donations linked to a potential recession. Additionally, a strategic 14% reduction in headcount since Q3 2022 may reflect operational constraints and heightened competitive pressures, raising concerns about Blackbaud’s long-term viability and ability to effectively integrate new technologies into existing products.
This aggregate rating is based on analysts' research of Blackbaud and is not a guaranteed prediction by Public.com or investment advice.
Blackbaud (BLKB) Analyst Forecast & Price Prediction
Start investing in Blackbaud (BLKB)
Order type
Buy in
Order amount
Est. shares
0 shares