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

Shares of BlackBerry Limited (NYSE:BB) have been assigned a consensus rating of “Hold” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $8.9222.

Several equities research analysts have weighed in on the company. Zacks Research upgraded BlackBerry from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Royal Bank Of Canada lifted their price objective on BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, June 26th. Canaccord Genuity Group boosted their price objective on BlackBerry from $8.20 to $10.30 and gave the stock a “hold” rating in a research report on Friday, June 26th. TD Securities restated a “hold” rating and set a $8.00 target price on shares of BlackBerry in a research note on Friday, June 26th. Finally, Weiss Ratings cut shares of BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, July 7th.

Insider Activity

In other news, CFO Tim Foote sold 8,235 shares of the firm’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total value of $89,926.20. Following the sale, the chief financial officer directly owned 73,535 shares in the company, valued at approximately $803,002.20. This trade represents a 10.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Joseph Giamatteo sold 152,012 shares of BlackBerry stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $11.35, for a total transaction of $1,725,336.20. Following the sale, the chief executive officer directly owned 687,246 shares of the company’s stock, valued at approximately $7,800,242.10. This trade represents a 18.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 355,858 shares of company stock valued at $4,012,270. 0.51% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BlackBerry

Several hedge funds have recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC acquired a new stake in BlackBerry during the second quarter worth approximately $32,000. CoreCap Advisors LLC purchased a new position in shares of BlackBerry in the 2nd quarter valued at $31,000. Amundi raised its stake in BlackBerry by 52.7% during the 1st quarter. Amundi now owns 116,430 shares of the company’s stock worth $377,000 after acquiring an additional 40,184 shares in the last quarter. Renaissance Technologies LLC raised its stake in BlackBerry by 139.2% during the 1st quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock worth $11,488,000 after acquiring an additional 2,063,153 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in BlackBerry in the first quarter valued at $34,000. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

BlackBerry Price Performance

Shares of BB opened at $8.99 on Friday. BlackBerry has a fifty-two week low of $3.12 and a fifty-two week high of $13.59. The firm’s 50 day moving average price is $9.23 and its 200 day moving average price is $5.75. The company has a market cap of $5.27 billion, a P/E ratio of 99.92 and a beta of 2.20. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26.

BlackBerry (NYSE:BB) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.04 EPS for the quarter, beating 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 company had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $136.10 million. During the same quarter last year, the company posted $0.02 EPS. The firm’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. On average, research analysts forecast that BlackBerry will post 0.13 earnings per share for the current fiscal year.

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.