J.P. Morgan Reports Cross-Sell And Up-Sell Key In Blackboard 2011 Growth

In a report published by J.P. Morgan, Blackboard (NASDAQ: BBBB) 2011 growth depends on cross-sell and up-sell.

J.P. Morgan said that this week it had a chance to visit Blackboard and spend time with the CEO and CFO. “We believe the improved tone in business from the company the last couple of quarters will continue and we look for share repurchase and the normal seasonal cash flow as the year goes on to provide a lift to the stock. Maintain $52 target price as the stock trading under 10x EV/FCFF on 2012 we believe is very attractive.”

Blackboard closed yesterday at $34.93.