BlackBerry (BB) Price Target Increased to $11.00 by Analysts at Imperial Capital

BlackBerry (NYSE:BB) had its price target raised by Imperial Capital from $10.00 to $11.00 in a research note released on Saturday, December 30th. They currently have a line rating on the stock.

BB has been the topic of several other reports. TD Securities upped their price objective on BlackBerry from $11.50 to $12.00 and gave the company a buy rating in a research report on Monday, October 2nd. Vetr cut BlackBerry from a strong-buy rating to a buy rating and set a $10.20 price objective on the stock. in a research report on Tuesday, September 26th. Zacks Investment Research raised BlackBerry from a hold rating to a buy rating and set a $12.00 price objective on the stock in a research report on Tuesday, November 14th. Scotiabank reaffirmed a buy rating and issued a $12.50 price objective on shares of BlackBerry in a research report on Thursday, December 21st. Finally, Royal Bank of Canada reissued a hold rating and set a $9.50 price target on shares of BlackBerry in a report on Friday, September 22nd. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $10.48.

BlackBerry (BB) opened at $13.65 on Friday. BlackBerry has a twelve month low of $6.65 and a twelve month high of $14.55. The stock has a market capitalization of $7,300.00, a PE ratio of 20.68 and a beta of 1.09. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.33.

BlackBerry (NYSE:BB) last posted its earnings results on Wednesday, December 20th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.49). BlackBerry had a return on equity of 3.70% and a net margin of 37.36%. The firm had revenue of $235.00 million for the quarter, compared to analysts’ expectations of $216.70 million. During the same quarter last year, the company posted $0.02 EPS. The firm’s revenue was down 21.9% on a year-over-year basis. equities analysts forecast that BlackBerry will post -0.02 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “BlackBerry (BB) Price Target Increased to $11.00 by Analysts at Imperial Capital” was originally posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at

BlackBerry Company Profile

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.

Analyst Recommendations for BlackBerry (NYSE:BB)

Receive News & Ratings for BlackBerry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackBerry and related companies with's FREE daily email newsletter.

Leave a Reply