BlackBerry (BB) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last twelve months. There are currently 5 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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5 Wall Street research analysts have issued twelve-month price targets for BlackBerry's stock. Their BB share price forecasts range from $4.00 to $7.00. On average, they predict the company's share price to reach $5.50 in the next year. This suggests a possible upside of 3.0% from the stock's current price.
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BlackBerry's stock was trading at $3.26 at the beginning of 2023. Since then, BB shares have increased by 63.8% and is now trading at $5.34.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, June 22nd 2023.
View our BB earnings forecast.

BlackBerry Limited (NYSE:BB) released its quarterly earnings data on Friday, March, 31st. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.05. The firm earned $151 million during the quarter, compared to analysts' expectations of $150.97 million. BlackBerry had a negative trailing twelve-month return on equity of 10.91% and a negative net margin of 111.89%. BlackBerry's revenue for the quarter was down 18.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 earnings per share.

ETFs with the largest weight of BlackBerry (NYSE:BB) stock in their portfolio include Global X Cybersecurity ETF (BUG), Global X Autonomous & Electric Vehicles ETF (DRIV), iShares Exponential Technologies ETF (XT), Global X Internet of Things Thematic ETF (SNSR), Dimensional International Small Cap ETF (DFIS).iShares Expanded Tech-Software Sector ETF (IGV),

BlackBerry issued an update on its FY 2024 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $665.00 million-$700.00 million, compared to the consensus revenue estimate of $701.40 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 variety of retail and institutional investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (1.72%), Connor Clark & Lunn Investment Management Ltd. (0.60%), Dimensional Fund Advisors LP (0.57%), Great West Life Assurance Co. Can (0.45%), Renaissance Technologies LLC (0.39%) and Two Sigma Investments LP (0.33%). 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.
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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 $5.34.

BlackBerry (NYSE:BB) has a market capitalization of $3.11 billion and generates $656 million in revenue each year. The company earns $-734,000,000.00 in net income (profit) each year or ($1.38) 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.