BLKB

Over the past six months, Blackbaud's stock (BLKB) experienced several notable events. Q1 2026 results announced strong performance with GAAP total revenue up 4.2% and non-GAAP organic revenue increasing 4.2%, alongside the successful launch of its first agentic AI solution, the Development Agent. The company continued to advance its AI roadmap, introducing new AI capabilities like Blackbaud AI Chat and integrating Raiser's Edge NXT with Microsoft 365 Copilot. Q2 2026 results topped guidance, leading to a significant stock climb of +17.4% and the company outlining targets for 4% to 6% organic revenue growth through 2030. In August and September 2026, Anthony Boor and Bradley Pyburn were appointed to the Board of Directors. Blackbaud also has an authorized stock repurchase program, with approximately $878 million remaining as of March 31, 2026. Despite market fluctuations and a 1-year change of -37.3% due to broader software sector weakness, analysts have reiterated 'Outperform' ratings and raised price targets, citing recurring revenue growth and AI-driven product expansion.