Blackbaud (BLKB) Gains 21.1% YTD: Will the trend Continue?

▤ Summary

It continues to invest heavily in cloud-based applications and software, which is expected to bolster long-term growth. The company benefits from higher transactional revenues owing to robust demand for its JustGiving and Tuition Management platforms. The acquisition of EVERFI has helped the company to expand its total addressable market (TAM) by about two times. The company reported first-quarter 2023 non-GAAP earnings of 72 cents per share, which surpassed the Zacks Consensus Estimate by 4.4%. The Zacks Consensus Estimate for Badger Meter’s 2023 earnings per share (EPS) has increased 1.1% in the past 60 days to $2.72.

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