Several brokerages have updated their recommendations and price targets on shares of BlackBerry Limited (NASDAQ: BBRY) in the last few weeks:

  • 8/9/2017 – BlackBerry Limited was given a new $10.00 price target on by analysts at Royal Bank Of Canada. They now have a “hold” rating on the stock.
  • 8/7/2017 – BlackBerry Limited is now covered by analysts at Goldman Sachs Group, Inc. (The). They set a “sell” rating and a $8.50 price target on the stock.
  • 8/2/2017 – BlackBerry Limited was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/24/2017 – BlackBerry Limited was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/17/2017 – BlackBerry Limited was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 7/4/2017 – BlackBerry Limited had its “in-line” rating reaffirmed by analysts at Imperial Capital. They now have a $8.25 price target on the stock.
  • 7/4/2017 – BlackBerry Limited had its “market perform” rating reaffirmed by analysts at William Blair.
  • 6/28/2017 – BlackBerry Limited was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock. According to Zacks, “Shares of BlackBerry have outperformed the Zacks categorized Wireless – Non US industry over the last three months. Ushering in further good news, the company's bottom line performance was better- than-expected in the first-quarter of fiscal 2018. The company's decision to end all internal hardware development and focus exclusively on software bussiness seems to be paying off.  BlackBerry expects its software business to either outperform or at least perform at par with the overall market in fiscal 2018. In fact, the company anticipates profitability (on an adjusted basis) and also expects to generate positive free cash flow in fiscal 2018. In order to strengthen its position in the software business, BlackBerry has recently inked multiple deals. However, the company's struggles on the top line front raise concerns.”
  • 6/26/2017 – BlackBerry Limited had its price target raised by analysts at Scotiabank from $10.00 to $11.00. They now have an “outperform” rating on the stock.
  • 6/26/2017 – BlackBerry Limited had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $7.50 price target on the stock, up previously from $7.00.
  • 6/26/2017 – BlackBerry Limited had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $9.50 price target on the stock.
  • 6/26/2017 – BlackBerry Limited had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $9.00 price target on the stock, up previously from $8.50.
  • 6/26/2017 – BlackBerry Limited had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $10.00 price target on the stock, up previously from $9.00.
  • 6/23/2017 – BlackBerry Limited was upgraded by analysts at TheStreet from a “d” rating to a “b-” rating.
  • 6/21/2017 – BlackBerry Limited had its “underperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $8.00 price target on the stock.
  • 6/21/2017 – BlackBerry Limited had its price target lowered by analysts at Morgan Stanley from $10.00 to $7.00. They now have an “equal weight” rating on the stock.
  • 6/15/2017 – BlackBerry Limited had its price target raised by analysts at Imperial Capital from $8.25 to $10.00. They now have an “in-line” rating on the stock.
  • 6/15/2017 – BlackBerry Limited had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $9.50 price target on the stock.

Shares of BlackBerry Limited (BBRY) opened at 8.73 on Friday. The firm’s 50-day moving average price is $9.79 and its 200 day moving average price is $8.85. BlackBerry Limited has a one year low of $6.65 and a one year high of $11.74. The stock has a market cap of $4.64 billion, a P/E ratio of 35.93 and a beta of 0.97.

BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) last announced its earnings results on Friday, June 23rd. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.02. BlackBerry Limited had a negative return on equity of 1.67% and a net margin of 11.68%. The business had revenue of $244 million for the quarter, compared to analyst estimates of $262.80 million. The firm’s revenue was down 42.5% on a year-over-year basis. Equities research analysts expect that BlackBerry Limited will post $0.04 EPS for the current fiscal year.

BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.

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