BlackBerry (BB) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last twelve months. There are currently 6 hold ratings for the stock. The consensus among Wall Street 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 brokers have issued 1-year target prices for BlackBerry's shares. Their BB share price forecasts range from $4.50 to $7.00. On average, they predict the company's share price to reach $5.50 in the next twelve months. This suggests a possible upside of 6.6% from the stock's current price.
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BlackBerry's stock was trading at $3.26 at the start of the year. Since then, BB shares have increased by 58.3% and is now trading at $5.16.
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BlackBerry saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 15,440,000 shares, an increase of 8.4% from the August 15th total of 14,250,000 shares. Based on an average trading volume of 5,770,000 shares, the short-interest ratio is currently 2.7 days. Approximately 2.7% of the company's shares are sold short.
View BlackBerry's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 28th 2023.
View our BB earnings forecast.

BlackBerry will be holding an earnings conference call on Thursday, September 28th at 5:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-344-7529 with passcode "4522458".

BlackBerry Limited (NYSE:BB) issued its quarterly earnings results on Wednesday, June, 28th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.10. The business had revenue of $373 million for the quarter, compared to analysts' expectations of $159.36 million. BlackBerry had a negative net margin of 65.50% and a negative trailing twelve-month return on equity of 6.39%.

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).

BlackBerry updated its second quarter 2024 earnings guidance on Wednesday, September, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $132.00 million-$132.00 million, compared to the consensus revenue estimate of $156.85 million.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "BB."

BlackBerry's stock is owned by a number of retail and institutional investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (1.56%), Dimensional Fund Advisors LP (0.62%), Great West Life Assurance Co. Can (0.56%), BlackRock Inc. (0.33%), Renaissance Technologies LLC (0.29%) and TD Asset Management Inc (0.25%). Insiders that own company stock include Billy Ho, John S Chen, Marjorie Dickman, Mark George Wilson, Mattias Eriksson, Nita C White-Ivy, Randall Cook, Steve Rai, Steven M Capelli, Steven M Capelli and Thomas Eacobacci.
View institutional ownership trends.

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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One share of BB stock can currently be purchased for approximately $5.16.

BlackBerry (NYSE:BB) has a market capitalization of $3.01 billion and generates $656 million in revenue each year. The company earns $-734,000,000.00 in net income (profit) each year or ($1.05) on an earnings per share basis.

The company employs 3,181 workers across the globe.

BlackBerry's mailing address is 2200 University Ave East, Waterloo A6, N2K 0A7. The official website for the company is www.blackberry.com. The company can be reached via phone at (519) 888-7465, via email at investor_relations@blackberry.com, or via fax at 519-888-6906.