DA Davidson analyst Rishi Jaluria raised his price target on Blackbaud to $75 after meeting with its Investor Relations director to discuss the company's "sales and marketing investments, organic growth, the competitive environment, and the end markets". The analyst notes that the company has "completed significant structural / organizational changes" and now has an eye on ramping sales headcount and increasing sales productivity, having grown its customer base from 40K to 45K in the last year. Jaluria also cites the management's view that Blackbaud is "well-positioned to take share in its multiple verticals due to the value proposition it provides", but keeps his Neutral rating on the stock.