BlackBerry (NYSE:BB) Receives "Sector Perform" Rating from Royal Bank Of Canada

Key Points

• Royal Bank of Canada reiterated a "Sector Perform" rating on BlackBerry with a $4.50 price target, implying about a 17.3% upside from current levels.
• BlackBerry beat Q4 estimates (EPS $0.06 vs. $0.04; revenue ~$158M, +10% YoY) and issued FY27 guidance of $0.150–$0.190 while highlighting record QNX revenue and a growing royalty backlog.
• Analyst sentiment remains mixed—consensus is a Hold (1 Buy, 6 Hold, 1 Sell) with an average target of $4.92—and insiders have recently sold shares, which may temper investor enthusiasm.

BlackBerry (NYSE:BB - Get Free Report)'s stock had its "sector perform" rating reiterated by equities researchers at Royal Bank Of Canada in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $4.50 target price on the stock. Royal Bank Of Canada's target price indicates a potential upside of 17.34% from the stock's current price.

BB has been the topic of several other reports. Canaccord Genuity Group reaffirmed a "hold" rating and set a $4.60 price target on shares of BlackBerry in a research report on Friday, December 19th. Wall Street Zen cut BlackBerry from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. Weiss Ratings restated a "sell (d+)" rating on shares of BlackBerry in a research report on Wednesday, March 25th. Finally, TD Securities upgraded BlackBerry to a "hold" rating in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $4.92.

BlackBerry Stock Performance

Shares of NYSE BB traded up $0.02 during mid-day trading on Friday, hitting $3.84. The stock had a trading volume of 1,992,166 shares, compared to its average volume of 7,620,332. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.14 and a current ratio of 2.14. The company has a 50 day moving average of $3.41 and a two-hundred day moving average of $3.98. BlackBerry has a twelve month low of $3.04 and a twelve month high of $5.32. The firm has a market cap of $2.25 billion, a PE ratio of 127.48 and a beta of 1.70.

BlackBerry (NYSE:BB - Get Free Report) last released its earnings results on Thursday, April 9th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. BlackBerry had a return on equity of 8.05% and a net margin of 4.02%.The firm had revenue of $157.96 million for the quarter, compared to the consensus estimate of $144.27 million. During the same period in the prior year, the firm earned $0.03 EPS. 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. Research analysts predict that BlackBerry will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 completion of the sale, the chief executive officer owned 899,146 shares in the company, valued at $3,200,959.76. This trade represents a 2.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president owned 94,903 shares of the company's stock, valued at $337,854.68. This represents a 23.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 73,171 shares of company stock worth $260,489 over the last three months. Corporate insiders own 0.37% of the company's stock.

Institutional Trading of BlackBerry

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

Key Stories Impacting BlackBerry

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: Q4 beat — BlackBerry reported $0.06 adj. EPS vs. $0.04 consensus and revenue of ~$158M (up ~10% YoY), signaling accelerating top-line recovery. BlackBerry Stock Rises After Earnings
• Positive Sentiment: Raised guidance — BB set FY27 EPS guidance of $0.150–$0.190 and FY revenue guidance above consensus; Q1 guidance was also slightly ahead of Street estimates, supporting the bullish outlook. BlackBerry Signals FY27 Revenue Expansion
• Positive Sentiment: QNX strength — Management highlighted record QNX revenue and a growing royalty backlog, a key driver of recurring, higher-margin revenue for the embedded-software segment. BlackBerry Reports Fourth Quarter and Full Fiscal Year 2026 Results
• Positive Sentiment: Options and technicals — Unusual volume in call options (large spike in call purchases) and a post-earnings move above the 100-day MA point to short-term bullish positioning and shifting momentum. (No direct article)
• Neutral Sentiment: Investor materials — Slides and the earnings presentation are available for deeper review; investors should check margins, cash flow and segment detail on the call. Earnings Call Presentation
• Negative Sentiment: Insider sale — CEO John Giamatteo sold BB shares, which can be interpreted as a caution signal even though management says the turnaround is on track. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.