BlackBerry (NYSE:BB) Price Target Raised to $5.50 at Robert W. Baird

Key Points

• BlackBerry's price target has been raised from $5.00 to $5.50 by analysts at Robert W. Baird, indicating a potential upside of 13.73% from the current price.
• The company's earnings report revealed a profit of $0.04 EPS, exceeding analyst expectations, although quarterly revenue decreased by 10.6% compared to the previous year.
• Recent changes in analyst ratings show a mix of "buy" and "hold" ratings, with an average rating of "Moderate Buy" and a consensus price target of $4.68.

BlackBerry (NYSE:BB - Get Free Report) had its price target boosted by analysts at Robert W. Baird from $5.00 to $5.50 in a research report issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Robert W. Baird's price target would indicate a potential upside of 13.73% from the stock's current price.

Other research analysts have also issued reports about the stock. Canaccord Genuity Group restated a "hold" rating and issued a $4.60 target price on shares of BlackBerry in a report on Friday. Royal Bank Of Canada set a $4.00 price target on shares of BlackBerry and gave the stock a "sector perform" rating in a research report on Monday. CIBC restated an "outperform" rating on shares of BlackBerry in a research note on Tuesday, June 24th. Finally, Wall Street Zen lowered shares of BlackBerry from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $4.68.

BlackBerry Price Performance

Shares of NYSE BB opened at $4.84 on Friday. BlackBerry has a 52 week low of $2.24 and a 52 week high of $6.24. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of -79.75 and a beta of 1.49. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.27. The firm has a 50-day simple moving average of $3.86 and a 200-day simple moving average of $3.88.

BlackBerry (NYSE:BB - Get Free Report) last posted its earnings results on Thursday, September 25th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. The company had revenue of $130.96 million for the quarter, compared to the consensus estimate of $122.03 million. BlackBerry had a positive return on equity of 2.29% and a negative net margin of 6.44%.The company's quarterly revenue was down 10.6% compared to the same quarter last year. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. On average, equities analysts predict that BlackBerry will post -0.03 earnings per share for the current fiscal year.

Insider Transactions at BlackBerry

In other news, CEO John Joseph Giamatteo sold 26,998 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $4.32, for a total transaction of $116,631.36. Following the transaction, the chief executive officer directly owned 530,135 shares of the company's stock, valued at approximately $2,290,183.20. This trade represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 42,200 shares of company stock worth $182,385 over the last 90 days. Corporate insiders own 0.37% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its position in BlackBerry by 216.2% during the 1st quarter. Parallel Advisors LLC now owns 7,156 shares of the company's stock valued at $27,000 after purchasing an additional 4,893 shares during the period. Chicago Partners Investment Group LLC bought a new position in BlackBerry in the 1st quarter worth about $37,000. OneDigital Investment Advisors LLC purchased a new position in BlackBerry in the 1st quarter worth approximately $40,000. LeConte Wealth Management LLC purchased a new stake in shares of BlackBerry during the second quarter valued at $61,000. Finally, Benjamin Edwards Inc. lifted its stake in BlackBerry by 31.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company's stock valued at $67,000 after acquiring an additional 3,500 shares during the period. Hedge funds and other institutional investors own 54.48% of the company's stock.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.

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