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Blackbaud Is Undervalued, Well-Positioned for the Future

The wide-moat firm is boosted by leading products and niche markets.


Andrew Lange: We see Blackbaud trading at a healthy discount to our recently revised fair value estimate of $87.

We assign Blackbaud a wide economic moat due to high customer switching costs and intangible assets based on its broad suite of essential relationship-management software and deep knowledge and expertise within the social good community.

Andrew Lange does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.