BlackBerry (NYSE:BB) Raised to Strong-Buy at Zacks Research

BlackBerry (NYSE:BB) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Weiss Ratings lowered shares of BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, July 7th. Stifel Nicolaus began coverage on BlackBerry in a research report on Wednesday, June 24th. They issued a “buy” rating and a $12.00 price objective on the stock. TD Securities reissued a “hold” rating and set a $8.00 price objective on shares of BlackBerry in a research note on Friday, June 26th. Canadian Imperial Bank of Commerce boosted their target price on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research report on Friday, June 26th. Finally, Royal Bank Of Canada upped their target price on BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.92.

BlackBerry Price Performance

Shares of NYSE:BB opened at $10.68 on Tuesday. The company has a 50 day moving average of $9.12 and a 200 day moving average of $5.69. The stock has a market cap of $6.26 billion, a P/E ratio of 118.62 and a beta of 2.20. BlackBerry has a 12 month low of $3.12 and a 12 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 for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The business had revenue of $152.90 million for the quarter, compared to analyst estimates of $136.10 million. During the same quarter in the prior year, the firm posted $0.02 EPS. BlackBerry’s revenue was up 25.6% on a year-over-year basis. 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 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Tim Foote sold 25,878 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $12.39, for a total transaction of $320,628.42. Following the transaction, the chief financial officer directly owned 58,372 shares in the company, valued at $723,229.08. This trade represents a 30.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip S. Kurtz sold 6,414 shares of BlackBerry stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $11.07, for a total value of $71,002.98. Following the completion of the transaction, the insider directly owned 125,158 shares in the company, valued at $1,385,499.06. This trade represents a 4.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 355,858 shares of company stock worth $4,012,270 in the last ninety days. Corporate insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. General American Investors Co. Inc. bought a new stake in BlackBerry during the 4th quarter valued at $3,892,000. Havemeyer Place LP bought a new stake in BlackBerry in the 4th quarter worth $1,349,000. Hsbc Holdings PLC grew its holdings in BlackBerry by 1,501.9% in the 4th quarter. Hsbc Holdings PLC now owns 1,890,023 shares of the company’s stock worth $7,116,000 after acquiring an additional 1,772,039 shares during the last quarter. TD Asset Management Inc increased its position in shares of BlackBerry by 3.4% in the fourth quarter. TD Asset Management Inc now owns 1,809,320 shares of the company’s stock valued at $6,837,000 after acquiring an additional 60,320 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of BlackBerry in the first quarter valued at about $178,000. Institutional investors own 54.48% of the company’s stock.

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.