Stock Track | Blackbaud Plummets 5.06% Intraday After Stifel Slashes Price Target

Stock Track

02/11

Blackbaud's stock fell 5.06% during intraday trading on Tuesday, reversing earlier gains.

The decline followed an analyst action by Stifel, which lowered its price target on the software company to $50 from $70. The firm cited a need to adjust for multiple compression in the software sector while maintaining a Hold rating on the stock.

The move contrasts with the company's earlier positive quarterly results, which included earnings and revenue that exceeded analyst expectations, along with full-year guidance that met or beat estimates.

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The firm cited a need to adjust for multiple compression in the software sector while maintaining a Hold rating on the stock.</p><p>The move contrasts with the company's earlier positive quarterly results, which included earnings and revenue that exceeded analyst expectations, along with full-year guidance that met or beat estimates.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BLKB","symbol_name":"布萊克波特科技","start_time":0,"source_url":"","article_id":"1157310215","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1157310215","pubTimestamp":1770752795,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Blackbaud's stock fell 5.06% during intraday trading on Tuesday, reversing earlier gains.The decline followed an analyst action by Stifel, which lowered its price target on the software company to...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BLKB":"布莱克波特科技"},"translate_title":"个股追踪|Stifel下调目标价后Blackbaud盘中暴跌5.06%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLKB":1},"content_text":"Blackbaud's stock fell 5.06% during intraday trading on Tuesday, reversing earlier gains.The decline followed an analyst action by Stifel, which lowered its price target on the software company to $50 from $70. 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