BlackBerry (NYSE:BB) Earns Buy Rating from Analysts at Stifel Nicolaus

Investment analysts at Stifel Nicolaus started coverage on shares of BlackBerry (NYSE:BB) in a research report issued on Wednesday, MarketBeat reports. The brokerage set a “buy” rating and a $12.00 price target on the stock. Stifel Nicolaus’ price target points to a potential upside of 36.05% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Canadian Imperial Bank of Commerce boosted their target price on BlackBerry from $8.50 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 17th. Weiss Ratings downgraded shares of BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Canaccord Genuity Group reduced their price objective on shares of BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a research note on Friday, April 10th. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $4.50 target price on shares of BlackBerry in a report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, BlackBerry presently has an average rating of “Hold” and a consensus price target of $6.63.

BlackBerry Stock Up 0.3%

NYSE:BB opened at $8.82 on Wednesday. BlackBerry has a 12-month low of $3.12 and a 12-month high of $10.93. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.17 billion, a P/E ratio of 110.26 and a beta of 2.29. The stock’s fifty day simple moving average is $7.15 and its 200-day simple moving average is $4.90.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Thursday, April 9th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The business had revenue of $157.96 million during the quarter, compared to the consensus estimate of $144.27 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. Equities research analysts expect that BlackBerry will post 0.13 earnings per share for the current year.

Insider Activity

In other BlackBerry news, CEO John Joseph Giamatteo sold 27,066 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 899,146 shares in the company, valued at approximately $3,200,959.76. This trade represents a 2.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock in a transaction that occurred on 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 transaction, 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 73,171 shares of company stock worth $260,489 in the last quarter. 0.51% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BlackBerry

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Delos Wealth Advisors LLC acquired a new position in BlackBerry in the 3rd quarter worth $34,000. Wealthfront Advisers LLC acquired a new stake in shares of BlackBerry in the 1st quarter valued at about $34,000. Bank of New York Mellon Corp acquired a new stake in shares of BlackBerry in the 1st quarter valued at about $37,000. CI Investments Inc. lifted its holdings 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 in the last quarter. Finally, Portfolio Resources Advisor Group Inc. bought a new stake in shares of BlackBerry in the fourth quarter valued at about $46,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

BlackBerry Company Profile

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.