BlackBerry - BB Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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5 analysts have issued 12 month price targets for BlackBerry's shares. Their BB share price forecasts range from $4.75 to $7.00. On average, they anticipate the company's stock price to reach $5.85 in the next twelve months. This suggests a possible upside of 12.5% from the stock's current price.
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BlackBerry's stock was trading at $9.35 on January 1st, 2022. Since then, BB stock has decreased by 44.4% and is now trading at $5.20.
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BlackBerry saw a increase in short interest in November. As of November 15th, there was short interest totaling 44,070,000 shares, an increase of 18.7% from the October 31st total of 37,140,000 shares. Based on an average daily trading volume, of 6,110,000 shares, the short-interest ratio is presently 7.2 days. Approximately 7.8% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 20th 2022.
View our BB earnings forecast.

BlackBerry Limited (NYSE:BB) announced its quarterly earnings data on Tuesday, September, 27th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. The company had revenue of $168 million for the quarter, compared to analysts' expectations of $165.80 million. BlackBerry had a negative net margin of 2.41% and a negative trailing twelve-month return on equity of 5.57%. The firm's revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.08) earnings per share.

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 institutional and retail investors. Top institutional shareholders include Primecap Management Co. CA (6.54%), Vanguard Group Inc. (3.13%), Connor Clark & Lunn Investment Management Ltd. (0.98%), Two Sigma Investments LP (0.47%), Dimensional Fund Advisors LP (0.37%) and BlackRock Inc. (0.36%). Insiders that own company stock include Barbara Stymiest, Billy Ho, David Castignola, 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.
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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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One share of BB stock can currently be purchased for approximately $5.20.

BlackBerry (NYSE:BB) has a market capitalization of $3.01 billion and generates $718 million in revenue each year. The company earns $12 million in net income (profit) each year or ($0.52) on an earnings per share basis.

The company employs 3,325 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.