BlackBerry (NYSE:BB) Shares Up 10.4% Following Analyst Upgrade

BlackBerry Limited (NYSE:BB)’s share price shot up 10.4% on Monday after TD raised their price target on the stock from $5.00 to $8.00. TD currently has a hold rating on the stock. BlackBerry traded as high as $12.55 and last traded at $12.58. Approximately 36,233,625 shares changed hands during trading, an increase of 86% from the average session volume of 19,461,959 shares. The stock had previously closed at $11.40.

BB has been the topic of several other reports. TD Securities restated a “hold” rating and set a $8.00 price target on shares of BlackBerry in a research report on Friday. Canaccord Genuity Group increased their price objective on BlackBerry from $8.20 to $10.30 and gave the stock a “hold” rating in a report on Friday. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. Royal Bank Of Canada upped their target price on shares of BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research note on Friday. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $8.92.

Insider Activity

In other BlackBerry news, CEO John Joseph Giamatteo sold 27,066 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $3,200,959.76. The trade was a 2.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 value of $106,472.48. Following the completion of the transaction, the senior vice president directly owned 94,903 shares in the company, valued at approximately $337,854.68. This represents a 23.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 73,171 shares of company stock valued at $260,489 over the last quarter. 0.51% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Delos Wealth Advisors LLC purchased a new stake in BlackBerry in the 3rd quarter worth $34,000. CI Investments Inc. grew its stake in shares of BlackBerry by 48.4% in the 3rd quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock worth $41,000 after buying an additional 2,745 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in BlackBerry in the first quarter worth about $34,000. Bank of New York Mellon Corp bought a new stake in BlackBerry during the first quarter worth approximately $37,000. Finally, NewEdge Advisors LLC increased its stake in BlackBerry by 2,349.1% during the third quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock worth $57,000 after acquiring an additional 11,205 shares during the last quarter. 54.48% of the stock is currently owned by institutional investors.

BlackBerry Stock Performance

The firm has a market capitalization of $7.37 billion, a PE ratio of 140.07 and a beta of 2.29. The business has a 50-day simple moving average of $7.52 and a 200-day simple moving average of $5.02. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20.

BlackBerry (NYSE:BB) last announced its earnings results on Thursday, June 25th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The firm had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $139.81 million. During the same quarter in the previous year, the business earned $0.02 EPS. The company’s quarterly revenue was up 25.6% on a year-over-year basis. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Equities research analysts expect that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

BlackBerry Company Profile

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.