Wall Street Zen Upgrades BlackBerry (NYSE:BB) to Buy

BlackBerry (NYSE:BB) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other analysts have also issued research reports about the company. Raymond James Financial boosted their target price on BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a research report on Friday, June 26th. Royal Bank Of Canada raised their price target on BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, June 26th. Weiss Ratings raised BlackBerry from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. TD boosted their price objective on BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a report on Friday, June 26th. Finally, Zacks Research cut BlackBerry from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.92.

BlackBerry Trading Up 0.1%

Shares of BB stock opened at $8.17 on Friday. BlackBerry has a 1-year low of $3.12 and a 1-year high of $13.59. The firm has a market cap of $4.80 billion, a PE ratio of 90.79 and a beta of 2.26. The company has a 50-day moving average of $9.42 and a two-hundred day moving average of $6.77. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20.

BlackBerry (NYSE:BB) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $136.10 million. During the same period in the previous year, the firm earned $0.02 EPS. The business’s revenue was up 25.6% on a year-over-year basis. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. On average, analysts predict that BlackBerry will post 0.13 EPS for the current year.

Insider Buying and Selling at BlackBerry

In related news, SVP Jennifer Armstrong-Owen sold 3,296 shares of BlackBerry stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $10.92, for a total value of $35,992.32. Following the completion of the transaction, the senior vice president directly owned 106,091 shares in the company, valued at approximately $1,158,513.72. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Tim Foote sold 25,878 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $12.39, for a total value of $320,628.42. Following the transaction, the chief financial officer directly owned 58,372 shares of the company’s stock, valued at $723,229.08. The trade was a 30.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 355,858 shares of company stock worth $4,012,270. 0.51% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BlackBerry

Several hedge funds and other institutional investors have recently made changes to their positions in BB. CoreCap Advisors LLC purchased a new stake in shares of BlackBerry during the second quarter worth approximately $31,000. Elevation Wealth Partners LLC purchased a new position in BlackBerry in the second quarter worth approximately $32,000. Wealthfront Advisers LLC acquired a new position in BlackBerry during the 1st quarter worth approximately $34,000. Bank of New York Mellon Corp purchased a new stake in shares of BlackBerry in the 1st quarter valued at approximately $37,000. Finally, Portfolio Resources Advisor Group Inc. purchased a new stake in shares of BlackBerry in the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 54.48% of the company’s stock.

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.