Brokerages Set BlackBerry Limited (NYSE:BB) Price Target at $5.10

Shares of BlackBerry Limited (NYSE:BB) have been given a consensus rating of “Hold” by the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $5.10.

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird upped their price objective on shares of BlackBerry from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Friday, September 26th. TD Cowen reissued a “hold” rating and set a $5.00 price target on shares of BlackBerry in a research report on Friday, October 3rd. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Zacks Research downgraded shares of BlackBerry from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. 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, December 19th.

BlackBerry Trading Down 0.8%

Shares of BlackBerry stock opened at $3.89 on Friday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2.28 billion, a PE ratio of 129.71 and a beta of 1.40. BlackBerry has a 1 year low of $2.80 and a 1 year high of $6.24. The firm’s 50 day moving average is $4.09 and its 200 day moving average is $4.15.

BlackBerry (NYSE:BB) last announced its quarterly earnings results on Thursday, December 18th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. BlackBerry had a return on equity of 8.05% and a net margin of 4.02%.The business had revenue of $141.80 million for the quarter, compared to analyst estimates of $137.54 million. During the same quarter in the prior year, the company earned $0.02 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. BlackBerry has set its FY 2026 guidance at 0.140-0.160 EPS and its Q4 2026 guidance at 0.030-0.050 EPS. Equities research analysts forecast that BlackBerry will post -0.03 earnings per share for the current fiscal year.

Insider Activity at BlackBerry

In related news, CEO John Joseph Giamatteo sold 87,723 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $3.88, for a total value of $340,365.24. Following the completion of the transaction, the chief executive officer directly owned 818,557 shares in the company, valued at approximately $3,176,001.16. This represents a 9.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Philip S. Kurtz sold 11,121 shares of BlackBerry stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $3.89, for a total transaction of $43,260.69. Following the sale, the insider directly owned 110,096 shares of the company’s stock, valued at approximately $428,273.44. This trade represents a 9.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 364,881 shares of company stock valued at $1,400,034. Corporate insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On BlackBerry

Hedge funds have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of BlackBerry by 1.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company’s stock valued at $3,106,000 after purchasing an additional 10,667 shares during the period. LeConte Wealth Management LLC bought a new stake in BlackBerry in the second quarter valued at $61,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of BlackBerry by 103.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 312,472 shares of the company’s stock valued at $1,431,000 after acquiring an additional 159,203 shares during the last quarter. Triasima Portfolio Management inc. bought a new position in shares of BlackBerry in the second quarter worth about $89,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in BlackBerry by 9,945.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 45,004 shares of the company’s stock valued at $206,000 after acquiring an additional 44,556 shares during the last quarter. 54.48% of the stock is owned by hedge funds and other institutional investors.

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.