BlackBerry - BB Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last year. There are currently 1 sell rating and 3 hold ratings 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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4 brokerages have issued 1 year target prices for BlackBerry's shares. Their BB share price forecasts range from $3.75 to $7.00. On average, they anticipate the company's stock price to reach $5.00 in the next year. This suggests a possible upside of 25.0% 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 22.7% and is now trading at $4.00.
View the best growth stocks for 2023 here.

BlackBerry saw a decline in short interest in March. As of March 15th, there was short interest totaling 20,880,000 shares, a decline of 15.5% from the February 28th total of 24,720,000 shares. Based on an average daily volume of 6,990,000 shares, the short-interest ratio is currently 3.0 days. Currently, 3.7% of the shares of the stock are short sold.
View BlackBerry's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 30th 2023.
View our BB earnings forecast.

BlackBerry will be holding an earnings conference call on Thursday, March 30th at 5:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 855-669-9658 with passcode "2114563".

BlackBerry Limited (NYSE:BB) announced its quarterly earnings results on Thursday, March, 31st. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.06. The company earned $185 million during the quarter, compared to analysts' expectations of $186.04 million. BlackBerry had a negative trailing twelve-month return on equity of 7.84% and a negative net margin of 13.77%. The company's revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.02 earnings per share.

ETFs with the largest weight of BlackBerry (NYSE:BB) stock in their portfolio include Global X Cybersecurity ETF (BUG), iShares Cybersecurity and Tech ETF (IHAK) and Global X Autonomous & Electric Vehicles ETF (DRIV).Dimensional International Small Cap ETF (DFIS) and

BlackBerry issued an update on its fourth quarter 2023 earnings guidance on Tuesday, March, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $151.00 million-$151.00 million, compared to the consensus revenue estimate of $168.45 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 institutional and retail investors. Top institutional shareholders include Legal & General Group Plc (3.62%), Norges Bank (2.03%), Mirae Asset Global Investments Co. Ltd. (1.90%), Connor Clark & Lunn Investment Management Ltd. (0.90%), Voya Investment Management LLC (0.85%) and Morgan Stanley (0.59%). 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.
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 $4.00.

BlackBerry (NYSE:BB) has a market capitalization of $2.33 billion and generates $718 million in revenue each year. The company earns $12 million in net income (profit) each year or ($0.56) 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.