Analysts Set BlackBerry Limited (NYSE:BB) Price Target at $8.92

BlackBerry Limited (NYSE:BB) has earned a consensus rating of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $8.9222.

Several analysts have issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, June 26th. Raymond James Financial upped their target price on shares of BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a research note on Friday, June 26th. TD raised their price target on shares of BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a report on Friday, June 26th. Weiss Ratings cut shares of BlackBerry from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 28th. Finally, Canaccord Genuity Group raised their target price on BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a research note on Friday, June 26th.

BlackBerry Stock Down 0.3%

Shares of BlackBerry stock opened at $7.68 on Monday. The company has a fifty day moving average price of $9.24 and a 200 day moving average price of $6.90. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 85.34 and a beta of 2.23. BlackBerry has a twelve month low of $3.12 and a twelve month high of $13.59. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $152.90 million during the quarter, compared to analyst estimates of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 earnings per share. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Equities research analysts forecast that BlackBerry will post 0.13 earnings per share for the current fiscal year.

Insider Activity at BlackBerry

In other BlackBerry news, CEO John Giamatteo sold 152,012 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $11.35, for a total transaction of $1,725,336.20. Following the sale, the chief executive officer owned 687,246 shares in the company, valued at $7,800,242.10. This represents a 18.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Tim Foote sold 25,878 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $12.39, for a total value of $320,628.42. Following the completion of the sale, the chief financial officer owned 58,372 shares of the company’s stock, valued at $723,229.08. This trade represents a 30.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 355,858 shares of company stock valued at $4,012,270 in the last 90 days. 0.51% of the stock is currently owned by insiders.

Institutional Trading of BlackBerry

Institutional investors and hedge funds have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of BlackBerry by 1.3% in 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 valued at $3,106,000 after buying an additional 10,667 shares during the period. Geode Capital Management LLC raised its stake in BlackBerry by 263.2% during the second quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company’s stock worth $5,348,000 after acquiring an additional 846,208 shares during the period. Creative Planning lifted its holdings in BlackBerry by 87.5% in the second quarter. Creative Planning now owns 53,413 shares of the company’s stock worth $245,000 after acquiring an additional 24,921 shares during the last quarter. Flow Traders U.S. LLC bought a new position in BlackBerry in the second quarter worth about $86,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in BlackBerry by 1,390.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock valued at $71,397,000 after acquiring an additional 14,544,005 shares during the period. 54.48% of the stock is 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.