Analysts Offer Insights on Technology Companies: Blackbaud (BLKB), Wix (WIX) and Weave Communications (WEAV)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Blackbaud (BLKB – Research Report), Wix (WIX – Research Report) and Weave Communications (WEAV – Research Report) with bullish sentiments.

Blackbaud (BLKB)

In a report released today, Robert Oliver from Robert W. Baird upgraded Blackbaud to Buy, with a price target of $84.00. The company’s shares closed last Wednesday at $67.33, close to its 52-week high of $69.77.

According to TipRanks.com, Oliver is a 4-star analyst with an average return of 7.1% and a 51.4% success rate. Oliver covers the Technology sector, focusing on stocks such as Aspen Technology, Inc., Tyler Technologies, and PROS Holdings.

Currently, the analyst consensus on Blackbaud is a Moderate Buy with an average price target of $84.00.

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Wix (WIX)

In a report released today, Aaron Kessler from Raymond James upgraded Wix to Buy, with a price target of $96.00. The company’s shares closed last Wednesday at $75.36.

According to TipRanks.com, Kessler is a 5-star analyst with an average return of 15.3% and a 61.7% success rate. Kessler covers the Technology sector, focusing on stocks such as Alphabet Class A, Alphabet Class C, and Meta Platforms.

Currently, the analyst consensus on Wix is a Strong Buy with an average price target of $108.54.

Weave Communications (WEAV)

Weave Communications received a Buy rating and a $6.00 price target from Raymond James analyst Alexander Sklar today. The company’s shares closed last Wednesday at $4.26.

According to TipRanks.com, Sklar is a 1-star analyst with an average return of -11.7% and a 39.1% success rate. Sklar covers the Technology sector, focusing on stocks such as Upland Software, EverCommerce, and Q2 Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Weave Communications with a $6.00 average price target.

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Read More on BLKB:

• Blackbaud Announces 2023 First Quarter Results
• Clearlake ‘disappointed’ with Blackbaud Board’s rejection, reiterates offer
• Clearlake Capital Responds to Blackbaud Board’s Rejection of Its Proposal to Acquire the Company for $71 Per Share
• Blackbaud Rejects Takeover Offer from Clearlake Capital
• Blackbaud Board of Directors Unanimously Rejects Unsolicited Proposal from Clearlake Capital