Analyst Ratings Coverage
Blackberry Limited, a global leader in intelligent security software and services, has recently received updated analyst ratings that reflect a range of opinions on the company’s future prospects.
Canaccord Genuity (Rank#19) just updated their coverage on Blackberry’s stock and they have increased their target price to $5.50 from $4 per share. Canaccord also maintained their “Hold” rating on the stock.
Morningstar (Rank#117) has recently maintained its Hold recommendation for Blackberry and maintained their CAD 6.6 12 month target on the stock, which indicates their view that the stock’s performance will likely be in line with market expectations.
STA Research (Rank#83) has downgraded its rating on Blackberry to Hold from a Buy rating on valuation. STA Research’s target price for Blackberry is maintained at CAD 7, indicating their belief that the stock’s price is likely to hover around its current levels. This downgrade may reflect STA Research’s assessment of limited catalysts or uncertainty surrounding Blackberry’s growth prospects.
BB Stock Forecast & Analysis
According to the analysis of 11 analysts, the average analyst target price for BlackBerry Ltd over the next 12 months is estimated to be CAD 6.46. This indicates a potential upside for the stock in the coming year. Additionally, the average analyst rating for BlackBerry Ltd is a “Buy”, suggesting a consensus among analysts that the stock is favorable for investment.
However, it’s important to consider other perspectives on BlackBerry Ltd’s stock forecast. Stock Target Advisor, an independent analysis platform, has provided their own evaluation, which leans towards a bearish outlook. Their assessment is based on analyzing various signals, including both positive and negative factors. They have identified 2 positive signals and 6 negative signals related to BlackBerry Ltd.
As of the last closing, BlackBerry Ltd’s stock price stood at CAD 7.22. Over the past week, the stock price has experienced a modest increase of +2.85%, indicating some short-term positive momentum. Moreover, over the past month, the stock price has shown a significant rise of +20.53%, suggesting a notable improvement in performance. However, over the last year, the stock price has declined by -6.36%, reflecting a negative trend in its long-term performance.