Form 8-K BLACKBAUD INC For: Feb 18
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Evercore ISI Starts Blackbaud (BLKB) at In Line
February 19, 2025 5:19 AM ESTEvercore ISI analyst Kirk Materne initiates coverage on Blackbaud (NASDAQ: BLKB) with a In Line rating and a price target of $80.00.
The analyst comments "While there were a lot of moving parts to digest given the EVERFI divestiture, transactional revenue came in a little light in F4Q (3.3% - against a tough compare) and as a result, F4Q revenue of $302mn came in slightly below the Street. Further, the initial FCF guide for FY25 of $185-$195mn was well below expectations (closer to $300mn) due to a number of one-time items.... More
