BlackBerry Stock Price, News & Analysis (NYSE:BB)

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last year. There are currently 6 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BB, but not buy additional shares or sell existing shares.
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6 Wall Street analysts have issued 1-year price objectives for BlackBerry's stock. Their BB share price targets range from $4.00 to $7.00. On average, they expect the company's share price to reach $5.13 in the next year. This suggests a possible upside of 29.7% from the stock's current price.
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BlackBerry's stock was trading at $3.26 at the beginning of the year. Since then, BB shares have increased by 21.2% and is now trading at $3.95.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 19th 2023.
View our BB earnings forecast.

BlackBerry Limited (NYSE:BB) issued its quarterly earnings results on Thursday, September, 28th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. The business earned $132 million during the quarter, compared to analyst estimates of $134.25 million. BlackBerry had a negative net margin of 66.91% and a negative trailing twelve-month return on equity of 7.11%. The firm's quarterly revenue was down 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) EPS.

ETFs with the largest weight of BlackBerry (NYSE:BB) stock in their portfolio include iShares Cybersecurity and Tech ETF (IHAK) and SPDR Kensho Future Security ETF (FITE).Global X Autonomous & Electric Vehicles ETF (DRIV).

706 employees have rated BlackBerry Chief Executive Officer John Chen on Glassdoor.com. John Chen has an approval rating of 50% among the company's employees. This puts John Chen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other BlackBerry investors own include NVIDIA (NVDA), Bank of America (BAC), Netflix (NFLX), Micron Technology (MU), Alibaba Group (BABA), Tesla (TSLA), Zynga (ZNGA), Advanced Micro Devices (AMD), Cisco Systems (CSCO) and Walt Disney (DIS).

BlackBerry's stock is owned by a number of retail and institutional investors. Top institutional investors include Primecap Management Co. CA (5.99%), Legal & General Group Plc (3.31%), Connor Clark & Lunn Investment Management Ltd. (1.49%), Mirae Asset Global Investments Co. Ltd. (1.35%), Hawk Ridge Capital Management LP (0.78%) and UBS Group AG (0.00%). Insiders that own company stock include Billy Ho, John S Chen, Marjorie Dickman, Mark George Wilson, Mattias Eriksson, Nita C White-Ivy, Philip S Kurtz, Steve Rai and Thomas Eacobacci.
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Shares of BB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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