Analyst Ratings Coverage
On Tuesday June 27th, TD Securities (Analyst Rank#11) maintained their “Hold” rating on Blackberry’s stock, and reiterated the 12 month target forecast of $5 per share.
STA Research (Analyst Rank# 48) also reiterated their 12 month target of $7 per share, and kept their “Hold” rating on the stock.
BB Stock Forecast & Analysis
According to the BlackBerry Ltd stock forecast provided by seven analysts, the average target price for the company’s stock over the next 12 months is estimated to be CAD 6.16. This suggests a relatively stable outlook for the stock, with the target price close to the current stock price. Furthermore, the average analyst rating for BlackBerry Ltd is “Buy,” indicating a positive sentiment among analysts regarding the company’s performance and potential.
Stock Target Advisor, an independent analysis platform, has conducted its own evaluation of BlackBerry Ltd and has a slightly bearish outlook on the stock. Their analysis is based on a combination of positive and negative signals. It is important to note that the platform has identified three positive signals alongside six negative signals, suggesting a slightly negative bias in the analysis.
As of the last closing, BlackBerry Ltd’s stock price was CAD 6.30. Over the past week, the stock price has experienced a decline of -6.80%, indicating a short-term decrease in value. Similarly, over the past month, the stock price has decreased by -11.39%. Looking back over the last year, the stock price has declined by -14.86%.
These figures highlight the recent volatility and downward trend in BlackBerry Ltd’s stock price. It is worth considering that stock prices can be influenced by various factors, including market conditions, industry trends, company-specific news, and investor sentiment.
The positive average target price from analysts and the “Buy” rating suggest a favorable outlook for BlackBerry Ltd. The company, once known for its dominance in the smartphone industry, has transitioned its focus towards software and services, particularly in the areas of cybersecurity and enterprise software. BlackBerry’s expertise in these fields has positioned it as a key player in providing secure solutions for businesses and governments.
