Analyst Ratings Coverage
TD Securities (Analyst Rank #13 of 350) just released a research report on Blackberry on Wednesday September 20th, 2023. The analyst maintained the company’s “Hold” rating and 12 month target forecast of $7 per share on the company.
Blackberry Stock Forecast & Analysis
BlackBerry Ltd, a company that has undergone significant transformations over the years, continues to be a subject of interest for both investors and analysts. An in-depth analysis of BlackBerry’s stock performance, future projections, and market sentiment can provide valuable insights for those considering investing in the company.
According to the consensus among 7 financial analysts, the average target price for BlackBerry Ltd over the next 12 months is estimated to be CAD 6.38. This target price serves as a benchmark, indicating where analysts anticipate the stock to trade in the coming year. Analysts arrive at this projection after conducting a thorough assessment of BlackBerry’s financial fundamentals, growth prospects, competitive positioning, and industry dynamics.
BlackBerry Ltd maintains an average analyst rating of “Hold.” This rating reflects the collective view among analysts that BlackBerry is currently in a stable position and that the stock is likely to perform in line with the market. It suggests that analysts do not foresee any significant upward or downward momentum in the near term.
Stock Target Advisor, offers its own analysis of BlackBerry Ltd, characterizing it as “Bearish.” This assessment is based on a combination of two positive signals and five negative signals.
Positive signals may encompass factors such as strong revenue growth, profitability, or positive news related to the company’s operations. Conversely, negative signals could be linked to concerns or challenges, such as declining market sentiment or regulatory issues. The “Bearish” rating suggests that, based on the analysis conducted by Stock Target Advisor, there are more negative indicators associated with BlackBerry’s stock.
As of the last closing, the company’s stock was trading at CAD 6.91. Over the past week, the stock exhibited a modest decline of -4.16%, indicating some short-term volatility. However, over the past month, the stock price showed significant growth, recording an impressive increase of +16.53%. Nevertheless, looking back over the last year, BlackBerry Ltd’s stock faced a decline of -9.44%.
