Royal Bank Of Canada Reiterates Sector Perform Rating for BlackBerry (NYSE:BB)

BlackBerry (NYSE:BB)‘s stock had its “sector perform” rating restated by research analysts at Royal Bank Of Canada in a research note issued on Friday,Benzinga reports. They presently have a $4.50 target price on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 17.10% from the company’s current price.

Several other equities research analysts have also recently weighed in on BB. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BlackBerry in a research report on Wednesday, March 25th. TD Securities raised shares of BlackBerry to a “hold” rating in a research report on Monday, December 22nd. Wall Street Zen cut shares of BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a research report on Friday, December 19th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.88.

BlackBerry Stock Performance

Shares of BlackBerry stock opened at $3.84 on Friday. The firm has a market cap of $2.26 billion, a P/E ratio of 48.04 and a beta of 1.70. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.26. BlackBerry has a 12 month low of $3.04 and a 12 month high of $5.32. The stock’s fifty day moving average price is $3.42 and its 200-day moving average price is $3.98.

BlackBerry (NYSE:BB) last announced its quarterly earnings results on Thursday, April 9th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. The firm had revenue of $157.96 million for the quarter, compared to analyst estimates of $144.27 million. BlackBerry had a return on equity of 10.15% and a net margin of 9.69%.The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 earnings per share. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. On average, equities research analysts expect that BlackBerry will post -0.03 earnings per share for the current fiscal year.

Insider Activity

In other BlackBerry news, CEO John Joseph Giamatteo sold 27,066 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total transaction of $96,354.96. Following the completion of the sale, the chief executive officer directly owned 899,146 shares of the company’s stock, valued at approximately $3,200,959.76. This represents a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of the stock in a transaction dated Saturday, April 4th. The shares were sold at an average price of $3.56, for a total transaction of $106,472.48. Following the sale, the senior vice president directly owned 94,903 shares of the company’s stock, valued at approximately $337,854.68. The trade was a 23.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 73,171 shares of company stock valued at $260,489. Insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On BlackBerry

Several institutional investors and hedge funds have recently bought and sold shares of the company. Delos Wealth Advisors LLC purchased a new position in BlackBerry in the third quarter worth $34,000. CI Investments Inc. grew its holdings in BlackBerry by 48.4% in the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock worth $41,000 after purchasing an additional 2,745 shares during the last quarter. Portfolio Resources Advisor Group Inc. purchased a new position in BlackBerry in the fourth quarter worth $46,000. DGS Capital Management LLC purchased a new position in BlackBerry in the fourth quarter worth $52,000. Finally, State of Wisconsin Investment Board purchased a new position in BlackBerry in the fourth quarter worth $54,000. 54.48% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about BlackBerry

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: Q4 beat and revenue surge — BlackBerry topped Q4 EPS and revenue estimates (revenue +10% YoY) driven by strong QNX and Secure Communications performance, which is the primary catalyst for the stock rally. BlackBerry’s Shares Rally 8% on Q4 Earnings Beat, Revenues Surge Y/Y
• Positive Sentiment: QNX strength & backlog — QNX reported record quarterly revenue (~$78.7M), expanded its royalty backlog (~$950M) and was highlighted as a key growth engine for embedded software and automotive wins. BlackBerry Reports Fourth Quarter and Full Fiscal Year 2026 Results
• Positive Sentiment: Upbeat FY27 & Q1 guidance — Management issued FY2027 EPS ($0.150–0.190) and Q1 EPS ($0.020–0.030) and raised revenue ranges above consensus, signaling continued top‑line expansion. This helped push sentiment more positive. BlackBerry Earnings Report & Transcript
• Positive Sentiment: Analyst support — RBC reaffirmed a “sector perform” rating and set a $4.50 price target, implying meaningful upside from current levels and lending third‑party validation to the outlook. Benzinga Coverage
• Positive Sentiment: Heavy call buying — Unusual options flow: ~44,579 calls traded (≈+258% vs. normal), which often accompanies bullish positioning after earnings and can amplify intraday upside.
• Neutral Sentiment: Wider media coverage & analyst notes — Major outlets (Reuters/WSJ/Barron’s/Yahoo) ran positive takes on the turnaround and guidance, increasing visibility but not changing fundamentals. Reuters: BlackBerry forecasts upbeat quarterly revenue
• Neutral Sentiment: Earnings materials available — The company published its slide deck and call presentation for deeper detail on segment trends and guidance for investors doing due diligence. Seeking Alpha: Q4 Results & Presentation
• Negative Sentiment: Insider sale — CEO John Giamatteo sold shares shortly after the report; insider sales can create short‑term concern even if the company narrative remains positive. Invezz: CEO John Giamatteo just sold BlackBerry stock

About BlackBerry

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.