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Blackbaud Inc. (NASDAQ:BLKB), a leading cloud software company powering social good with a market capitalization of $3.02 billion, has seen its stock price touch a 52-week low, dipping to $59.78. According to InvestingPro analysis, the stock appears undervalued at current levels, with analyst price targets ranging from $65 to $85. This latest price level reflects a challenging period for the company, which has experienced a notable 1-year change with a decrease of -14.94%. Despite these headwinds, the company has maintained revenue growth of 4.53% over the last twelve months. Investors are closely monitoring Blackbaud's performance as it navigates through the evolving market conditions that have impacted its valuation over the past year. The company's strategic initiatives and market position will be key factors in determining whether it can rebound from this low point and regain momentum in the coming months. InvestingPro subscribers can access 8 additional key insights about BLKB's financial health and future prospects.
In other recent news, Blackbaud reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $1.08, which surpassed analyst expectations of $1.06. However, the company experienced a revenue shortfall, reporting $302.2 million against a forecast of $305.28 million. For the full year, Blackbaud achieved a revenue of $1.155 billion, marking a 5.2% organic growth rate. Looking ahead to 2025, Blackbaud projects revenue between $1.115 billion and $1.125 billion, with expected EBITDA margins ranging from 34.9% to 35.9%.
In terms of analyst ratings, Raymond (NSE:RYMD) James maintained an Outperform rating on Blackbaud with a price target of $95, while Evercore ISI initiated coverage with an In Line rating and a price target of $80. Evercore ISI's analysis highlighted Blackbaud's fourth-quarter revenue being slightly below expectations and noted the company's initial free cash flow guidance for fiscal year 2025 as lower than anticipated. Blackbaud's management has also announced plans to repurchase an additional 3-5% of shares in 2025, following a 10% buyback completed in 2024. The company aims to achieve a "Rule of 45" profile by 2030, reflecting a combination of revenue growth rate and profit margin.
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