BlackBerry Limited (NYSE:BB) Receives $8.92 Consensus Target Price from Brokerages

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

Several research analysts have recently issued reports on BB shares. TD Securities restated a “hold” rating and issued a $8.00 price objective on shares of BlackBerry in a research note on Friday, June 26th. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Canadian Imperial Bank of Commerce raised their price target on shares of BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research report on Friday, June 26th. Raymond James Financial lifted their price objective 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. Finally, Royal Bank Of Canada upped their price objective on shares of BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a report on Friday, June 26th.

Insider Buying and Selling at BlackBerry

In other BlackBerry news, insider Philip S. Kurtz sold 6,414 shares of the stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $11.07, for a total transaction of $71,002.98. Following the sale, the insider directly owned 125,158 shares of the company’s stock, valued at approximately $1,385,499.06. This trade represents a 4.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jennifer Armstrong-Owen sold 3,296 shares of BlackBerry stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $10.92, for a total value of $35,992.32. Following the transaction, the senior vice president owned 106,091 shares of the company’s stock, valued at $1,158,513.72. The trade was a 3.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 355,858 shares of company stock valued at $4,012,270. Company insiders own 0.51% of the company’s stock.

Institutional Trading of BlackBerry

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in BlackBerry by 1.3% in the first 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 acquiring an additional 10,667 shares during the period. Geode Capital Management LLC grew its stake in shares of 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 purchasing an additional 846,208 shares during the period. Creative Planning increased its holdings in shares of BlackBerry by 87.5% during the 2nd quarter. Creative Planning now owns 53,413 shares of the company’s stock valued at $245,000 after purchasing an additional 24,921 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of BlackBerry during the 2nd quarter valued at approximately $86,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of BlackBerry by 1,390.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock valued at $71,397,000 after purchasing an additional 14,544,005 shares during the period. 54.48% of the stock is owned by institutional investors and hedge funds.

BlackBerry Price Performance

NYSE BB opened at $7.68 on Monday. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 85.34 and a beta of 2.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. The stock’s fifty day moving average price is $9.24 and its 200 day moving average price is $6.92. BlackBerry has a 1 year low of $3.12 and a 1 year high of $13.59.

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