BlackBerry Limited (NYSE:BB – Get Free Report)’s stock price was up 10.4% on Monday after TD raised their price target on the stock from $5.00 to $8.00. TD currently has a hold rating on the stock. BlackBerry traded as high as $12.55 and last traded at $12.58. Approximately 36,233,625 shares changed hands during trading, an increase of 86% from the average daily volume of 19,461,959 shares. The stock had previously closed at $11.40.
BB has been the topic of several other reports. Raymond James Financial increased their target price on shares of BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a report on Friday. Canaccord Genuity Group upped their target price on BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a research report on Friday. TD Securities reaffirmed a “hold” rating and issued a $8.00 price target on shares of BlackBerry in a report on Friday. Canadian Imperial Bank of Commerce upped their target price on BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research report on Friday. Finally, Weiss Ratings upgraded BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BlackBerry presently has a consensus rating of “Hold” and a consensus price target of $8.92.
Get Our Latest Research Report on BlackBerry
Insider Buying and Selling
Hedge Funds Weigh In On BlackBerry
Several large investors have recently modified their holdings of BB. Amundi lifted its position in BlackBerry by 52.7% in the first quarter. Amundi now owns 116,430 shares of the company’s stock valued at $377,000 after buying an additional 40,184 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of BlackBerry by 139.2% in the first quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock valued at $11,488,000 after acquiring an additional 2,063,153 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in BlackBerry in the 1st quarter valued at about $34,000. Bank of New York Mellon Corp purchased a new position in BlackBerry in the first quarter worth approximately $37,000. Finally, V2 Financial group LLC lifted its position in shares of BlackBerry by 6.8% during the 1st quarter. V2 Financial group LLC now owns 32,100 shares of the company’s stock worth $104,000 after purchasing an additional 2,050 shares during the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.
BlackBerry Trading Up 10.3%
The firm has a market cap of $7.37 billion, a PE ratio of 140.07 and a beta of 2.29. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average price of $7.52 and a 200 day moving average price of $5.02.
BlackBerry (NYSE:BB – Get Free Report) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The business had revenue of $152.90 million during the quarter, compared to the consensus estimate of $139.81 million. During the same quarter in the previous year, the firm earned $0.02 EPS. The company’s revenue was up 25.6% compared to the same quarter last year. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Analysts forecast that BlackBerry Limited will post 0.13 EPS for the current year.
BlackBerry Company Profile
BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.
At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.
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