BlackBerry Limited (NYSE:BB) Stock Has Consensus Price Target of $8.92

BlackBerry Limited (NYSE:BB) has received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $9.25.

A number of brokerages have recently issued reports on BB. Raymond James Financial increased their price target on shares of BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a report on Friday, June 26th. TD boosted their price objective on shares of BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Zacks Research lowered shares of BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $9.00 target price on shares of BlackBerry in a report on Monday, September 21st. Finally, Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th.

Insider Transactions at BlackBerry

In related news, CEO John Giamatteo sold 152,012 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $11.35, for a total value of $1,725,336.20. Following the completion of the transaction, the chief executive officer directly owned 687,246 shares of the company’s stock, valued at $7,800,242.10. This trade represents a 18.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Philip Kurtz sold 6,414 shares of BlackBerry stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $11.07, for a total value of $71,002.98. Following the transaction, the insider directly owned 125,158 shares of the company’s stock, valued at approximately $1,385,499.06. This represents a 4.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 355,858 shares of company stock worth $4,012,270. 0.51% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of BlackBerry in the 2nd quarter worth about $31,000. CoreCap Advisors LLC acquired a new stake in BlackBerry in the 2nd quarter valued at about $31,000. Elevation Wealth Partners LLC purchased a new position in BlackBerry during the 2nd quarter valued at about $32,000. Global Retirement Partners LLC purchased a new position in BlackBerry during the 2nd quarter valued at about $50,000. Finally, Nykredit A S acquired a new position in BlackBerry during the second quarter worth about $111,000. Hedge funds and other institutional investors own 54.48% of the company’s stock.

BlackBerry Stock Down 0.3%

BlackBerry stock opened at $8.19 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 2.38. BlackBerry has a 1-year low of $3.12 and a 1-year high of $13.59. The company has a market cap of $4.80 billion, a PE ratio of 68.21 and a beta of 2.23. The stock’s 50 day moving average price is $8.29 and its 200 day moving average price is $7.40.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, September 24th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $166.56 million during the quarter, compared to the consensus estimate of $144.22 million. BlackBerry had a return on equity of 13.71% and a net margin of 13.09%.BlackBerry’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 earnings per share. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. On average, sell-side analysts predict that BlackBerry will post 0.14 EPS for the current fiscal year.

BlackBerry News Roundup

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: Q2 results beat expectations: BlackBerry reported adjusted earnings of $0.07 per share versus a $0.04 consensus estimate. Revenue rose 26% year over year to approximately $163 million-$167 million, well above analyst forecasts. BB Q2 Earnings Top, Sales Up Y/Y on QNX Strength, FY27 Outlook Raised
• Positive Sentiment: QNX remains the key growth driver: The automotive software division posted record quarterly revenue, supported by core automotive demand and new design wins. BlackBerry also announced its first Alloy Kore win, described as the largest design win in QNX history. BlackBerry lifts annual revenue forecast on strength in automotive software business
• Positive Sentiment: Full-year outlook increased: BlackBerry raised fiscal 2027 revenue guidance to $616 million-$636 million, above the $614.1 million consensus, and lifted its EPS range to $0.19-$0.22. Adjusted EBITDA, operating cash flow and GAAP profitability also strengthened. BlackBerry Reports Second Quarter Fiscal Year 2027 Results
• Neutral Sentiment: Investor positioning was unusually bullish: Trading activity included 114,134 BB call options, 63% above average, indicating elevated speculative interest around the earnings announcement.
• Neutral Sentiment: Analyst valuation is mixed: The reported consensus price target is $8.92, only modestly above the recent trading range, suggesting limited near-term upside based on current estimates.
• Negative Sentiment: Profit-taking is offsetting the earnings strength: After an initial post-earnings rally, BB has decreased as traders lock in gains. The reaction suggests expectations for QNX and the raised outlook may already be reflected in the stock, while the next-quarter EPS guidance midpoint is slightly below consensus. BlackBerry Drops 7% as Post-Earnings Rally Unwinds Despite Record QNX Quarter

BlackBerry Company Profile

BlackBerry Limited is a Canadian software company headquartered in Waterloo, Ontario, that provides cybersecurity and Internet of Things (IoT) solutions to enterprises, governments and other organizations worldwide. Its cybersecurity offerings include endpoint protection, endpoint management, identity and access controls, secure communications, and tools designed to help organizations monitor and respond to cyber threats.

The company’s IoT business is built around QNX, a software platform used in automotive systems and other embedded applications.