RBC Capital now has a $9.00 price target on the smartphone producer’s stock.
Several equities research analysts have recently issued reports on the company.
Sue rates BlackBerry stock sector perform, with a price target of 9. Canaccord Genuity reiterated a “hold” rating and set a $8.00 price objective on shares of BlackBerry in a report on Monday.
BlackBerry has an analyst consensus of Hold, with a price target consensus of $7.86.
What is clear, however, is that with BBRY stock down more than 7% after the BlackBerry earnings report posted this morning – and with BBRY shares down 40% year-to-date – investors aren’t interested in sticking around to find out. The Equity Firm raises its price target from $6.25 per share to $7.25 per share. However, the stock price could fluctuate by $ 2.23 from the estimate as it is suggested by the standard deviation reading. The 52-week high of BlackBerry Limited (NASDAQ:BBRY) is $12.63 and the 52-week low is $6.41. The stock had a trading volume of 26,590,937 shares. BlackBerry has a 52 week low of $6.41 and a 52 week high of $12.63. The firm’s 50 day moving average is $7.39 and its 200-day moving average is $8.75. The company’s shares opened today at $7.53.
Canadian smart phone maker BlackBerry Ltd. (BBRY,BB.TO) reported Friday a profit for the second quarter compared to a loss past year, despite lower gross margins, reflecting a gain change in the fair value of the debentures.
Excluding items, adjusted net loss for the latest quarter was $66 million or $0.13 per share. The firm earned $491 million during the quarter, compared to analysts’ expectations of $2.69 billion. That would be a 33% drop from the year-earlier quarter and the ninth quarter in a row of double-digit declines. During the same quarter in the prior year, the company posted ($0.02) earnings per share. In fiscal Q2 of previous year, the BlackBerry earnings report indicated hardware sales of 1 million as well as 1 million in service access fees.
BlackBerry Limited, formerly Research In Motion Limited is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market. The Organization is engaged principally in the supply of the BlackBerry wireless solution, composed of service smartphones and software. The Organization ‘s four areas of business are Devices business, Enterprise Services, BlackBerry Technology Solutions (BTS) company and Messaging. The Devices business of the Company’s is focused on delivering products that were smartphone. In order to expand our leadership in cross- platform software and services, we are investing strategically – organically through new products and services based on the BES platform, and through acquisitions like AtHoc and Good. The Company’s BTS business contains five components: QNX Software Systems Limited (QNX), Certicom, Paratek, the BlackBerry Internet of Things (IoT) Platform, and Intellectual Property and Patent Licensing (IPPL).