BlackBerry (NYSE:BB) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded BlackBerry from a "hold" to a buy, though the MarketBeat consensus remains a Hold with a $4.88 target (1 Buy, 6 Hold, 1 Sell).
• BlackBerry beat Q4 estimates—$0.06 EPS vs. $0.04 expected and $157.96M revenue (+10.1% YoY)—and issued upbeat Q1 and FY2027 EPS guidance ($0.020–0.030 and $0.150–0.190), lifting sentiment.
• Recent insider sales by the CEO and an SVP contrast with heavy institutional accumulation (notably MIRAE, First Trust, Bank of America), with institutions now owning 54.48% of the stock.

BlackBerry (NYSE:BB - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also recently commented on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $4.50 price objective on shares of BlackBerry in a research report on Friday. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of BlackBerry in a research report on Wednesday, March 25th. TD Securities raised shares of BlackBerry to a "hold" rating in a research report on Monday, December 22nd. Finally, Canaccord Genuity Group reduced their price objective on shares of BlackBerry from $4.60 to $4.40 and set a "hold" rating for the company in a research report on Friday. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.88.

BlackBerry Price Performance

NYSE:BB opened at $3.84 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 fifty day simple moving average of $3.42 and a 200 day simple moving average of $3.98. BlackBerry has a 1-year low of $3.04 and a 1-year high of $5.32. The stock has a market capitalization of $2.26 billion, a PE ratio of 48.04 and a beta of 1.70.

BlackBerry (NYSE:BB - Get Free Report) last released its quarterly earnings data on Thursday, April 9th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. BlackBerry had a net margin of 9.69% and a return on equity of 10.15%. The firm had revenue of $157.96 million during the quarter, compared to analysts' expectations of $144.27 million. During the same period in the previous year, the business posted $0.03 earnings per share. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. On average, research analysts expect that BlackBerry will post -0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock in a transaction on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total transaction of $106,472.48. Following the completion of the sale, the senior vice president owned 94,903 shares of the company's stock, valued at approximately $337,854.68. This trade represents a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Joseph Giamatteo sold 27,066 shares of BlackBerry stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total value of $96,354.96. Following the sale, the chief executive officer directly owned 899,146 shares of the company's stock, valued at $3,200,959.76. This represents a 2.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 73,171 shares of company stock valued at $260,489 in the last three months. Insiders own 0.37% of the company's stock.

Institutional Investors Weigh In On BlackBerry

A number of hedge funds and other institutional investors have recently modified their holdings of BB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of BlackBerry by 1,390.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company's stock worth $71,397,000 after buying an additional 14,544,005 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of BlackBerry by 34.4% during the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company's stock worth $94,718,000 after buying an additional 6,399,502 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of BlackBerry by 183.6% during the second quarter. Bank of America Corp DE now owns 4,604,205 shares of the company's stock worth $21,087,000 after buying an additional 2,980,732 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of BlackBerry by 368.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,078,600 shares of the company's stock worth $15,027,000 after buying an additional 2,421,578 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of BlackBerry by 1,501.9% during the fourth quarter. Hsbc Holdings PLC now owns 1,890,023 shares of the company's stock worth $7,116,000 after buying an additional 1,772,039 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company's stock.

Key BlackBerry News

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: Q4 beat and revenue surge — BlackBerry topped Q4 EPS and revenue estimates (revenue +10% YoY) driven by strong QNX and Secure Communications performance, which is the primary catalyst for the stock rally. BlackBerry's Shares Rally 8% on Q4 Earnings Beat, Revenues Surge Y/Y
• Positive Sentiment: QNX strength & backlog — QNX reported record quarterly revenue (~$78.7M), expanded its royalty backlog (~$950M) and was highlighted as a key growth engine for embedded software and automotive wins. BlackBerry Reports Fourth Quarter and Full Fiscal Year 2026 Results
• Positive Sentiment: Upbeat FY27 & Q1 guidance — Management issued FY2027 EPS ($0.150–0.190) and Q1 EPS ($0.020–0.030) and raised revenue ranges above consensus, signaling continued top‑line expansion. This helped push sentiment more positive. BlackBerry Earnings Report & Transcript
• Positive Sentiment: Analyst support — RBC reaffirmed a “sector perform” rating and set a $4.50 price target, implying meaningful upside from current levels and lending third‑party validation to the outlook. Benzinga Coverage
• Positive Sentiment: Heavy call buying — Unusual options flow: ~44,579 calls traded (≈+258% vs. normal), which often accompanies bullish positioning after earnings and can amplify intraday upside.
• Neutral Sentiment: Wider media coverage & analyst notes — Major outlets (Reuters/WSJ/Barron’s/Yahoo) ran positive takes on the turnaround and guidance, increasing visibility but not changing fundamentals. Reuters: BlackBerry forecasts upbeat quarterly revenue
• Neutral Sentiment: Earnings materials available — The company published its slide deck and call presentation for deeper detail on segment trends and guidance for investors doing due diligence. Seeking Alpha: Q4 Results & Presentation
• Negative Sentiment: Insider sale — CEO John Giamatteo sold shares shortly after the report; insider sales can create short‑term concern even if the company narrative remains positive. Invezz: CEO John Giamatteo just sold BlackBerry stock

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.

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