BlackBerry Limited (NYSE:BB) Receives $8.92 Average Price Target from Analysts

Shares of BlackBerry Limited (NYSE:BB) have received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $8.9222.

A number of analysts have weighed in on the stock. Canaccord Genuity Group increased their price target on shares of BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a report on Friday, June 26th. Weiss Ratings downgraded shares of BlackBerry from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 28th. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Canadian Imperial Bank of Commerce increased their target price on shares of BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research note on Friday, June 26th. Finally, Raymond James Financial lifted their target price on BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a research report on Friday, June 26th.

BlackBerry Stock Down 2.7%

BB stock opened at $7.62 on Monday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26. BlackBerry has a 1 year low of $3.12 and a 1 year high of $13.59. The company has a fifty day simple moving average of $9.37 and a 200 day simple moving average of $6.86. The firm has a market cap of $4.47 billion, a PE ratio of 84.62 and a beta of 2.23.

BlackBerry (NYSE:BB) last posted its earnings results 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. The firm had revenue of $152.90 million during the quarter, compared to analyst estimates of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.02 EPS. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Sell-side analysts anticipate that BlackBerry will post 0.13 EPS for the current fiscal year.

Insider Transactions at BlackBerry

In other news, SVP Jennifer Armstrong-Owen sold 3,296 shares of BlackBerry stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $10.92, for a total transaction of $35,992.32. Following the sale, the senior vice president owned 106,091 shares of the company’s stock, valued at approximately $1,158,513.72. This trade represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Joseph Giamatteo sold 152,012 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $11.35, for a total value of $1,725,336.20. Following the sale, the chief executive officer owned 687,246 shares in the company, valued at approximately $7,800,242.10. This represents a 18.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 355,858 shares of company stock worth $4,012,270 over the last 90 days. Insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On BlackBerry

A number of institutional investors have recently bought and sold shares of BB. General American Investors Co. Inc. acquired a new position in shares of BlackBerry in the 4th quarter valued at $3,892,000. Renaissance Technologies LLC boosted its position in shares of BlackBerry by 139.2% during the 1st 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. Nwam LLC bought a new stake in BlackBerry in the second quarter valued at about $7,070,000. Canada Pension Plan Investment Board bought a new stake in BlackBerry in the second quarter valued at about $20,798,000. Finally, Havemeyer Place LP acquired a new position in BlackBerry in the fourth quarter worth about $1,349,000. Institutional investors and hedge funds 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.