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