Could Blackbaud (BLKB) be the Next Small-Cap Software Stock to Rally

Blackbaud Inc. (NASDAQ:BLKB) is one of the 10 oversold small-cap software stocks offering massive upside.

On March 17, Blackbaud Inc. (NASDAQ:BLKB) launched the general availability of its Development Agent, the first-ever expert AI agent embedded in a dedicated social impact platform. The goal of the agent is to assist with personalized donor relations and increase the amount of donations.

The President, CEO, and Chairman, Mike Gianoni, stated that there is a huge chance for the social impact sector to capitalize on advancements in agentic AI. If used properly, it can completely change how much people can do when working together for a common cause. The Development Agent runs independently in the Blackbaud environment and can identify, cultivate, and engage the donors through personalized interactions, something that the fundraising team would be unable to accomplish alone.

According to Paul Goldstein, Senior Director, there exists potential in cultivating middle-level donors who are wealthy but do not have a personal relationship with the organization. According to Brian Otis, the vice president for university advancement at the University of New Haven, the Development Agent makes the process of connecting with the donor quicker and more powerful. Blackbaud will work on expanding the agent through its product range.

Blackbaud Inc. (NASDAQ:BLKB) is a provider of AI-based technologies. It offers an extensive array of solutions such as financial management, grants and awards, fundraising and engagement, and education, to name a few. Additionally, it also offers professional and managed services, as well as data intelligence solutions.

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