Stock Price Prediction

Analysis and Insights

Technical Analysis:

Blackbaud (BLKB) is currently trading at $62.13 as of 2025-03-24. The stock has been experiencing a bearish trend, with the price fluctuating between $61.77 and $63.825 in recent sessions. Key technical indicators suggest the stock is oversold, with RSI values below 40, indicating potential for a short-term rebound.

Fibonacci Levels:

The Fibonacci levels indicate a pivot point at $65.60, with resistance levels at $68.18 and $69.78, and support levels at $63.02 and $61.42. These levels are critical in determining potential price targets for the next trading week.

News Sentiment and Analyst Ratings:

Recent news indicates mixed sentiment among analysts. Stifel Nicolaus maintains a Hold rating with a price target of $75.00, while Bank of America has a Sell rating. The average analyst consensus suggests a Hold with a higher price target of $81.50, indicating potential upside but with caution due to near-term headwinds.

Price Prediction:

Based on the oversold condition and potential for a short-term bounce, the stock is expected to reach $68.00 in the next trading week. However, given the bearish momentum, the price is likely to face resistance at this level and may not sustain above it.

Buy/Sell Recommendation:

Sell at $68.00, as the stock is likely to face resistance at this level and may reverse downward. Consider buying if the stock tests the lower support level of $61.42, as this could present a better risk/reward entry point.