BlackBerry (NYSE:BB – Get Free Report) had its target price increased by analysts at TD from $5.00 to $8.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD’s price target would suggest a potential downside of 28.03% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a $9.00 price target on shares of BlackBerry in a research report on Friday. Stifel Nicolaus started coverage on BlackBerry in a report on Wednesday. They set a “buy” rating and a $12.00 price objective on the stock. Canaccord Genuity Group set a $10.30 price target on BlackBerry in a research report on Friday. Canadian Imperial Bank of Commerce lifted their price target on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research report on Friday. Finally, Raymond James Financial reissued a “market perform” rating and issued a $9.50 price objective (up from $4.75) on shares of BlackBerry in a report on Friday. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.92.
Check Out Our Latest Research Report on BlackBerry
BlackBerry Stock Up 7.5%
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 9.69% and a return on equity of 10.09%. 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. Research analysts predict that BlackBerry will post 0.13 EPS for the current fiscal year.
Insider Buying and Selling at BlackBerry
In other BlackBerry news, CEO John Joseph Giamatteo sold 27,066 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total transaction of $96,354.96. Following the completion of the transaction, the chief executive officer owned 899,146 shares in the company, valued at approximately $3,200,959.76. This represents a 2.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock in a transaction dated Saturday, April 4th. The shares were sold at an average price of $3.56, for a total transaction of $106,472.48. Following the completion of the sale, the senior vice president directly owned 94,903 shares in the company, valued at approximately $337,854.68. The trade was a 23.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 73,171 shares of company stock worth $260,489 over the last three months. 0.51% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On BlackBerry
A number of large investors have recently modified their holdings of BB. Delos Wealth Advisors LLC acquired a new stake in shares of BlackBerry during the 3rd quarter valued at approximately $34,000. Wealthfront Advisers LLC acquired a new position in shares of BlackBerry during the first quarter worth $34,000. Bank of New York Mellon Corp acquired a new position in shares of BlackBerry during the first quarter worth $37,000. CI Investments Inc. boosted its stake in shares of BlackBerry by 48.4% in the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock valued at $41,000 after purchasing an additional 2,745 shares during the period. Finally, Portfolio Resources Advisor Group Inc. acquired a new stake in BlackBerry during the 4th quarter valued at $46,000. 54.48% of the stock is owned by hedge funds and other institutional investors.
More BlackBerry News
Here are the key news stories impacting BlackBerry this week:
- Positive Sentiment: BlackBerry reported Q1 EPS of $0.04 and revenue of about $152.9 million, both above estimates, with revenue up 25.6% year over year and positive operating cash flow for the first time in nine years. BlackBerry Reports First Quarter Fiscal Year 2027 Results
- Positive Sentiment: The company raised its fiscal 2027 outlook, signaling confidence in continued momentum from its QNX automotive software and Secure Communications businesses. BlackBerry lifts annual revenue forecast as QNX unit powers growth
- Positive Sentiment: Management highlighted stronger QNX growth, improved cash generation, and expanding AI-related opportunities, reinforcing the turnaround narrative. BlackBerry Q1 Earnings Call Highlights QNX Growth & Higher Outlook
- Positive Sentiment: Canadian Imperial Bank of Commerce raised its price target on BlackBerry to $13 from $10 and maintained an outperform rating, suggesting more upside if execution continues. Benzinga / The Fly report on price target raise
- Neutral Sentiment: BlackBerry also announced the election results for its board of directors, a routine corporate governance update with limited immediate stock impact. BlackBerry Announces Election Results for the Company’s Board of Directors
About BlackBerry
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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