BlackBerry (NYSE:BB) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of BlackBerry (NYSE:BB) from a hold rating to a buy rating in a research note published on Saturday morning.

A number of other brokerages have also recently weighed in on BB. Zacks Research cut shares of BlackBerry from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Royal Bank Of Canada increased their target price on shares of BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a report on Friday, June 26th. Canaccord Genuity Group raised their price target on shares of BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a research report on Friday, June 26th. Stifel Nicolaus initiated coverage on shares of BlackBerry in a research note on Wednesday, June 24th. They issued a “buy” rating and a $12.00 price target for the company. Finally, TD boosted their price target on shares of BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, BlackBerry presently has a consensus rating of “Hold” and a consensus target price of $8.92.

BlackBerry Stock Performance

Shares of BlackBerry stock opened at $8.17 on Friday. The business has a 50-day moving average of $9.42 and a 200 day moving average of $6.75. BlackBerry has a 12 month low of $3.12 and a 12 month high of $13.59. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 90.79 and a beta of 2.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, June 25th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $152.90 million during the quarter, compared to the consensus estimate of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.BlackBerry’s revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the company 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, sell-side analysts forecast that BlackBerry will post 0.13 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Philip S. Kurtz sold 6,414 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The shares were 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 in the company, valued at approximately $1,385,499.06. This represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jennifer Armstrong-Owen sold 3,296 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total transaction of $35,992.32. Following the completion of the sale, the senior vice president directly owned 106,091 shares in the company, valued at approximately $1,158,513.72. This trade represents a 3.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 355,858 shares of company stock worth $4,012,270. 0.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BlackBerry

A number of large investors have recently modified their holdings of the company. V2 Financial group LLC boosted its holdings in shares of BlackBerry by 6.8% in the 1st quarter. V2 Financial group LLC now owns 32,100 shares of the company’s stock valued at $104,000 after buying an additional 2,050 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in BlackBerry during the 2nd quarter worth $31,000. Elevation Wealth Partners LLC acquired a new stake in BlackBerry during the 2nd quarter worth $32,000. Raymond James Financial Inc. lifted its position in BlackBerry by 2.1% in the third quarter. Raymond James Financial Inc. now owns 128,998 shares of the company’s stock valued at $630,000 after acquiring an additional 2,689 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in BlackBerry by 2.4% in the fourth quarter. Invesco Ltd. now owns 128,487 shares of the company’s stock valued at $487,000 after acquiring an additional 2,975 shares in the last quarter. 54.48% of the stock is owned by hedge funds and other institutional investors.

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.