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

BlackBerry Limited (NYSE:BB) has been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $4.88.

BB has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $4.50 target price on shares of BlackBerry in a report on Friday, April 10th. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a report on Saturday. Canaccord Genuity Group dropped their target price on BlackBerry from $4.60 to $4.40 and set a “hold” rating for the company in a report on Friday, April 10th. Finally, Weiss Ratings raised BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th.

Insider Buying and Selling

In related news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the firm’s 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 completion of the sale, the senior vice president directly owned 94,903 shares of the company’s stock, valued at approximately $337,854.68. This trade represents a 23.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Joseph Giamatteo sold 27,066 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total value of $96,354.96. Following the sale, the chief executive officer directly owned 899,146 shares of the company’s stock, valued at $3,200,959.76. This represents a 2.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 73,171 shares of company stock valued at $260,489 over the last three months. 0.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BlackBerry

A number of institutional investors and hedge funds have recently modified their holdings of BB. Delos Wealth Advisors LLC bought a new stake in shares of BlackBerry during the 3rd quarter worth approximately $34,000. Wealthfront Advisers LLC purchased a new stake in shares of BlackBerry in the 1st quarter worth $34,000. Bank of New York Mellon Corp purchased a new stake in shares of BlackBerry in the 1st quarter worth $37,000. CI Investments Inc. lifted its holdings in shares of BlackBerry by 48.4% in the 3rd quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock worth $41,000 after buying an additional 2,745 shares during the period. Finally, Portfolio Resources Advisor Group Inc. purchased a new stake in shares of BlackBerry in the 4th quarter worth $46,000. 54.48% of the stock is owned by institutional investors.

BlackBerry Price Performance

Shares of BlackBerry stock opened at $8.44 on Friday. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 105.51 and a beta of 2.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.12 and a current ratio of 2.12. The stock has a 50 day moving average price of $4.84 and a 200-day moving average price of $4.21. BlackBerry has a one year low of $3.12 and a one year high of $8.60.

BlackBerry (NYSE:BB) last announced its earnings results on Thursday, April 9th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $157.96 million during the quarter, compared to analysts’ expectations of $144.27 million. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 EPS. 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 analysts expect that BlackBerry will post 0.13 EPS for the current year.

BlackBerry Company Profile

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.