Robert W. Baird Increases BlackBerry (NYSE:BB) Price Target to $5.50

BlackBerry (NYSE:BB) had its price objective increased by Robert W. Baird from $5.00 to $5.50 in a research report issued on Friday, Marketbeat.com reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 11.00% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Royal Bank Of Canada boosted their price objective on shares of BlackBerry to $4.00 and gave the stock a “sector perform” rating in a research note on Monday, September 22nd. Wall Street Zen downgraded BlackBerry from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Canaccord Genuity Group reiterated a “hold” rating and set a $4.60 price target on shares of BlackBerry in a report on Friday. Finally, CIBC reiterated an “outperform” rating on shares of BlackBerry in a report on Tuesday, June 24th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.77.

BlackBerry Stock Performance

Shares of BlackBerry stock opened at $4.96 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.27. BlackBerry has a twelve month low of $2.24 and a twelve month high of $6.24. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of -495.50 and a beta of 1.49. The company’s fifty day moving average is $3.88 and its 200 day moving average is $3.88.

BlackBerry (NYSE:BB) last issued its quarterly earnings data on Thursday, September 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. The company had revenue of $130.96 million for the quarter, compared to analysts’ expectations of $122.03 million. The business’s quarterly revenue was down 10.6% on a year-over-year basis. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. Sell-side analysts forecast that BlackBerry will post -0.03 EPS for the current year.

Insider Activity

In other news, CEO John Joseph Giamatteo sold 26,998 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $4.32, for a total transaction of $116,631.36. Following the transaction, the chief executive officer owned 530,135 shares of the company’s stock, valued at $2,290,183.20. This represents a 4.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 42,200 shares of company stock worth $182,385. 0.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BlackBerry

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co boosted its position in shares of BlackBerry by 7.0% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 249,486 shares of the company’s stock worth $1,143,000 after purchasing an additional 16,218 shares in the last quarter. Vident Advisory LLC boosted its position in shares of BlackBerry by 46.8% during the 2nd quarter. Vident Advisory LLC now owns 1,735,789 shares of the company’s stock worth $7,950,000 after purchasing an additional 553,755 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of BlackBerry by 31.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock worth $67,000 after purchasing an additional 3,500 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of BlackBerry in the 2nd quarter worth about $379,000. Finally, Bank of America Corp DE raised its holdings in shares of BlackBerry by 183.6% in the 2nd quarter. Bank of America Corp DE now owns 4,604,205 shares of the company’s stock worth $21,087,000 after acquiring an additional 2,980,732 shares during the last quarter. Institutional investors own 54.48% of the company’s stock.

About BlackBerry

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.