BlackBerry Limited (NYSE:BB) Receives $4.88 Consensus Target Price from Brokerages

Shares of BlackBerry Limited (NYSE:BB) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $5.7333.

A number of equities research analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce raised their price target on shares of BlackBerry from $8.50 to $10.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $4.50 target price on shares of BlackBerry in a research report on Friday, April 10th. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Weiss Ratings lowered BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Finally, Canaccord Genuity Group cut their price target on BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a research note on Friday, April 10th.

BlackBerry Trading Up 4.7%

BB opened at $8.78 on Tuesday. The company’s 50 day moving average is $7.05 and its 200-day moving average is $4.87. BlackBerry has a 1-year low of $3.12 and a 1-year high of $10.93. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.26. The company has a market cap of $5.14 billion, a P/E ratio of 109.70 and a beta of 2.29.

BlackBerry (NYSE:BB) last posted its quarterly earnings results on Thursday, April 9th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. BlackBerry had a net margin of 9.69% and a return on equity of 10.09%. The company had revenue of $157.96 million for the quarter, compared to the consensus estimate of $144.27 million. During the same period last year, the company posted $0.03 EPS. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. Equities research analysts predict that BlackBerry will post 0.13 earnings per share for the current fiscal year.

Insider Activity at BlackBerry

In related news, CEO John Joseph Giamatteo sold 27,066 shares of BlackBerry stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total transaction of $96,354.96. Following the sale, the chief executive officer directly owned 899,146 shares in the company, valued at $3,200,959.76. This trade represents a 2.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock in a transaction that occurred on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total transaction of $106,472.48. Following the sale, the senior vice president owned 94,903 shares in the company, valued at approximately $337,854.68. This represents a 23.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 73,171 shares of company stock worth $260,489. 0.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BlackBerry

Several hedge funds have recently added to or reduced their stakes in BB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in BlackBerry by 1.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company’s stock worth $3,106,000 after buying an additional 10,667 shares during the period. Geode Capital Management LLC boosted its position in BlackBerry by 263.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company’s stock worth $5,348,000 after buying an additional 846,208 shares during the period. Creative Planning boosted its position in BlackBerry by 87.5% during the 2nd quarter. Creative Planning now owns 53,413 shares of the company’s stock worth $245,000 after buying an additional 24,921 shares during the period. Flow Traders U.S. LLC acquired a new stake in BlackBerry during the 2nd quarter worth approximately $86,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in BlackBerry by 1,390.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock worth $71,397,000 after buying an additional 14,544,005 shares during the period. 54.48% of the stock is currently owned by institutional investors and hedge funds.

About BlackBerry

BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.

At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.