Analysts rate BlackBerry Ltd. (BB:TSX) with a Buy rating and a CAD 8 target

STA Research targets up the BlackBerry stock price to CAD 12 and rates it as Buy.

Based on the BlackBerry Stock Forecast from 8 analysts, the average analyst BlackBerry stock price target is CAD 8.79 over the next 12 months. BlackBerry Ltd’s average analyst rating is Buy. Stock Target Advisor’s own stock analysis of BB stock forecast is Bearish, which is based on 1 positive signal and 9 negative signals. At the last closing, BlackBerry stock price was CAD 6.99BlackBerry stock price has changed by -0.48% over the past week, -0.95% over the past month and -43.72% over the last year.

 

About BlackBerry Ltd. (BB:TSX):

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. Further, it is involved in the patent licensing and legacy service access fees business. As of February 28, 2022, it owned approximately 38,000 worldwide patents and applications. BlackBerry Limited was incorporated in 1984 and is headquartered in Waterloo, Canada.

 

BB:TSX’s Most Recent Analyst Ratings:

Target Down TD Research Reduce CAD 6.5 2022-09-28
Target RBC Royalbank Sector Perform CAD 8 2022-09-28
Maintains STA Research Buy 2022-09-28
Target Down Canaccord Capital Hold CAD 5 2022-09-28
Target Up STA Research Buy CAD 12 2022-08-26
Target Up STA Research Buy CAD 10 2022-08-12
Initiated Robert W Baird Neutral CAD 9.6 2022-08-12
Mantains Zacks Research Inc. Hold 2022-08-12
Downgrades Morningstar Inc. Hold CAD 9.1 2022-07-07
Target Morningstar Inc. Buy CAD 9.1 2022-06-24
Reiterated by RBC Royalbank Hold CAD 6.5 2022-06-21
Upgrade STA Research Buy CAD 9 2022-06-17
Maintains Morningstar Inc. Neutral CAD 8.8 2022-05-20
Downgrade Canaccord Capital Hold CAD 9 » CAD 6 2022-05-19
Adjusts STA Research Hold CAD 9 2022-05-19
Target Down RBC Royalbank Sector Perform CAD 8.3 2022-05-19
Maintains Morningstar Inc. Neutral CAD 8.8 2022-04-12
Maintains STA Research Buy CAD 11.5 2022-04-12
Reiterated by RBC Royalbank Hold CAD 7 2022-04-01
Target Down Raymond James Capital Market Perform CAD 8 2022-04-01
Target Down TD Research Reduce CAD 8 2022-04-01
Maintains STA Research Buy 2022-04-01
Target Down Morningstar Inc. Neutral CAD 8.8 2022-04-01
Upgraded RBC Royalbank Sector Perform CAD 9 2022-03-21
Assigned Zacks Research Inc. Hold 2022-03-03

 

What we like:

High market capitalization:

BlackBerry stock is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

 

What we don’t like:

Poor risk adjusted returns:

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

High volatility:

The total returns for BlackBerry stock are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Below median dividend returns:

The average income yield of BlackBerry stock over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to earnings:

BB stock price is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value:

BB stock price is trading high compared to its peers median on a price to book value basis.

Highly leveraged:

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the stock forecast and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Negative cashflow:

BlackBerry stock had negative total cash flow in the most recent four quarters.

Negative free cash flow:

BlackBerry had negative total free cash flow in the most recent four quarters.

Low Revenue Growth:

BlackBerry stock has shown below median revenue growth in the previous 5 years compared to its sector.