Brokerages Set BlackBerry Limited (NYSE:BB) Price Target at $5.10

BlackBerry Limited (NYSE:BB) has received a consensus rating of “Hold” from the eight analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $5.10.

Several research analysts have weighed in on BB shares. TD Securities lowered shares of BlackBerry from a “buy” rating to a “hold” rating and raised their price objective for the stock from $4.00 to $5.00 in a report on Friday, October 3rd. TD Cowen reaffirmed a “hold” rating and issued a $5.00 price target on shares of BlackBerry in a report on Friday, October 3rd. Royal Bank Of Canada lifted their price target on shares of BlackBerry from $4.00 to $4.50 and gave the company a “sector perform” rating in a report on Friday, September 26th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a report on Friday, September 26th. Finally, Robert W. Baird lifted their price target on shares of BlackBerry from $5.00 to $5.50 and gave the company a “neutral” rating in a report on Friday, September 26th.

Insider Activity

In other news, insider Philip S. Kurtz sold 44,178 shares of BlackBerry stock in a transaction dated Sunday, September 28th. The shares were sold at an average price of $4.95, for a total value of $218,681.10. Following the completion of the transaction, the insider directly owned 95,468 shares of the company’s stock, valued at approximately $472,566.60. The trade was a 31.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mattias Eriksson sold 5,914 shares of BlackBerry stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total transaction of $27,322.68. Following the completion of the transaction, the insider directly owned 291,340 shares of the company’s stock, valued at $1,345,990.80. This trade represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 88,565 shares of company stock valued at $423,706. Company insiders own 0.37% of the company’s stock.

Institutional Trading of BlackBerry

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in BlackBerry by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 23,084,515 shares of the company’s stock valued at $86,936,000 after purchasing an additional 218,684 shares during the last quarter. Voya Investment Management LLC bought a new stake in BlackBerry in the 1st quarter valued at about $95,166,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in BlackBerry by 7.0% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,086,634 shares of the company’s stock valued at $4,093,000 after purchasing an additional 71,057 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of BlackBerry by 103.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 312,472 shares of the company’s stock worth $1,431,000 after buying an additional 159,203 shares in the last quarter. Finally, Vident Advisory LLC raised its position in shares of BlackBerry by 52.1% during the 1st quarter. Vident Advisory LLC now owns 1,182,034 shares of the company’s stock worth $4,456,000 after buying an additional 404,823 shares in the last quarter. 54.48% of the stock is currently owned by institutional investors.

BlackBerry Price Performance

Shares of BB stock opened at $4.49 on Thursday. The firm has a market cap of $2.65 billion, a P/E ratio of -448.50 and a beta of 1.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.20 and a quick ratio of 2.20. BlackBerry has a 1-year low of $2.24 and a 1-year high of $6.24. The firm has a fifty day moving average of $4.06 and a two-hundred day moving average of $3.91.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Thursday, September 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The company had revenue of $130.96 million during the quarter, compared to analyst estimates of $122.03 million. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. The firm’s quarterly revenue was down 10.6% on a year-over-year basis. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. As a group, research analysts anticipate that BlackBerry will post -0.03 earnings per share for the current fiscal year.

About BlackBerry

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.