BlackBerry Limited (NYSE:BB) Stock Has Consensus Target Price of $8.92

Key Points

• Analysts maintain a consensus “Hold” rating on BlackBerry, with eight holds, two buys and one sell; the average 12-month price target is $8.92 versus the stock’s $8.71 opening price.
• BlackBerry reported a strong quarter, with adjusted EPS of $0.07 beating the $0.04 consensus and revenue rising 26% year over year to about $166.6 million. Record QNX revenue and new automotive design wins supported the results.
• Management raised fiscal 2027 revenue and adjusted EPS guidance above analyst expectations, although third-quarter EPS guidance is only in line with consensus. Shares remain subject to valuation and execution concerns, while insiders have sold more than 355,000 shares over the past 90 days.

BlackBerry Limited (NYSE:BB - Get Free Report) has been given an average recommendation of "Hold" by the eleven research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $8.92.

BB has been the topic of a number of analyst reports. TD Securities reaffirmed a "hold" rating and issued a $8.00 price objective on shares of BlackBerry in a report on Friday, June 26th. Royal Bank Of Canada reissued a "sector perform" rating and set a $9.00 target price on shares of BlackBerry in a research note on Monday. Zacks Research lowered shares of BlackBerry from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 25th. Canadian Imperial Bank of Commerce lifted their price target on BlackBerry from $10.00 to $13.00 and gave the company an "outperformer" rating in a report on Friday, June 26th. Finally, Wall Street Zen upgraded BlackBerry from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th.

BlackBerry News Summary

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: BlackBerry reported adjusted EPS of $0.07, above the $0.04 consensus estimate, while revenue rose 26% year over year to $163.3 million, exceeding expectations. The company also generated $29 million in operating cash flow and recorded its sixth consecutive quarter of positive GAAP net income. BlackBerry quarterly earnings report
• Positive Sentiment: QNX delivered record quarterly revenue, supported by automotive demand and new design wins. Its first Alloy Kore design win, described as the largest in QNX history, strengthens BlackBerry’s position in software-defined commercial vehicles. BlackBerry fiscal 2027 second-quarter results
• Positive Sentiment: Management raised fiscal 2027 revenue guidance to $616 million-$636 million, above the $614.1 million analyst consensus, and lifted its adjusted EPS outlook to $0.19-$0.22 versus a $0.18 consensus. Adjusted EBITDA also grew 81% year over year. Reuters BlackBerry forecast article
• Positive Sentiment: Call-option activity was unusually heavy, with 114,134 contracts purchased—about 63% above typical volume—suggesting increased speculative or bullish interest in BB.
• Neutral Sentiment: The strong results initially pushed the stock higher, but shares later decreased as investors assessed valuation, execution risks and whether the growth acceleration can continue.
• Negative Sentiment: Third-quarter adjusted EPS guidance of $0.04-$0.05 was centered around or slightly below the $0.05 consensus estimate, while revenue guidance of $143 million-$154 million was broadly in line with expectations. The lack of a larger near-term earnings surprise may be limiting the immediate upside. BlackBerry Q2 guidance article

BlackBerry Trading Up 3.9%

NYSE:BB opened at $8.71 on Friday. The firm has a market capitalization of $5.11 billion, a P/E ratio of 96.73 and a beta of 2.23. The business has a 50 day simple moving average of $8.31 and a 200 day simple moving average of $7.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. BlackBerry has a 12-month low of $3.12 and a 12-month high of $13.59.

BlackBerry (NYSE:BB - Get Free Report) last issued its earnings results on Thursday, September 24th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $166.56 million for the quarter, compared to analyst estimates of $144.22 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The firm's revenue for the quarter was up 26.0% on a year-over-year basis. During the same period last year, the company earned $0.04 earnings per share. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. Equities research analysts predict that BlackBerry will post 0.13 EPS for the current year.

Insiders Place Their Bets

In other news, CEO John Giamatteo sold 152,012 shares of the firm's stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $11.35, for a total transaction of $1,725,336.20. Following the transaction, the chief executive officer directly owned 687,246 shares of the company's stock, valued at approximately $7,800,242.10. This trade represents a 18.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jennifer Armstrong-Owen sold 3,296 shares of BlackBerry stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $10.92, for a total transaction of $35,992.32. Following the sale, the senior vice president owned 106,091 shares in the company, valued at approximately $1,158,513.72. This represents a 3.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 355,858 shares of company stock worth $4,012,270 over the last 90 days. Insiders own 0.51% of the company's stock.

Hedge Funds Weigh In On BlackBerry

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc bought a new stake in shares of BlackBerry during the 2nd quarter worth about $480,710,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of BlackBerry during the second quarter valued at approximately $69,786,000. Bank of America Corp DE acquired a new position in shares of BlackBerry during the second quarter valued at approximately $64,718,000. BlackRock Inc. bought a new stake in BlackBerry during the second quarter worth approximately $42,002,000. Finally, Primecap Management Co. CA bought a new stake in BlackBerry during the second quarter worth approximately $36,362,000. Institutional investors own 54.48% of the company's stock.

About BlackBerry

BlackBerry Limited is a Canadian software company headquartered in Waterloo, Ontario, that provides cybersecurity and Internet of Things (IoT) solutions to enterprises, governments and other organizations worldwide. Its cybersecurity offerings include endpoint protection, endpoint management, identity and access controls, secure communications, and tools designed to help organizations monitor and respond to cyber threats.

The company's IoT business is built around QNX, a software platform used in automotive systems and other embedded applications.

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