BlackBerry’s (BB) “Hold” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their hold rating on shares of BlackBerry (NYSE:BB) in a research report released on Friday morning,Benzinga reports. They currently have a $4.60 target price on the stock.

A number of other research analysts have also issued reports on BB. TD Cowen restated a “hold” rating and issued a $5.00 target price on shares of BlackBerry in a report on Friday, October 3rd. TD Securities lowered shares of BlackBerry from a “buy” rating to a “hold” rating and boosted their price objective for the company from $4.00 to $5.00 in a research report on Friday, October 3rd. Robert W. Baird raised their target price on shares of BlackBerry from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Friday, September 26th. Royal Bank Of Canada lifted their target price on shares of BlackBerry from $4.00 to $4.50 and gave the stock a “sector perform” rating in a research note on Friday, September 26th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of BlackBerry in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.10.

BlackBerry Price Performance

Shares of NYSE:BB opened at $3.76 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.20 and a current ratio of 2.20. The business’s fifty day moving average price is $4.41 and its two-hundred day moving average price is $4.21. The stock has a market cap of $2.22 billion, a PE ratio of 125.51 and a beta of 1.41. BlackBerry has a one year low of $2.80 and a one year high of $6.24.

BlackBerry (NYSE:BB) last issued its quarterly earnings data on Thursday, December 18th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $141.80 million for the quarter, compared to the consensus estimate of $137.54 million. BlackBerry had a return on equity of 8.10% and a net margin of 4.02%.The business’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.02 earnings per share. BlackBerry has set its FY 2026 guidance at 0.140-0.160 EPS and its Q4 2026 guidance at 0.030-0.050 EPS. On average, analysts forecast that BlackBerry will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling at BlackBerry

In other BlackBerry news, insider Mattias Eriksson sold 5,914 shares of BlackBerry stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total value of $27,322.68. Following the transaction, the insider owned 291,340 shares in the company, valued at $1,345,990.80. This trade represents a 1.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Philip S. Kurtz sold 44,178 shares of the company’s stock in a transaction on Sunday, September 28th. The stock was sold at an average price of $4.95, for a total value of $218,681.10. Following the sale, the insider owned 95,468 shares of the company’s stock, valued at approximately $472,566.60. The trade was a 31.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 88,565 shares of company stock worth $423,706 in the last quarter. 0.37% of the stock is owned by insiders.

Hedge Funds Weigh In On BlackBerry

A number of large investors have recently modified their holdings of the company. Delos Wealth Advisors LLC acquired a new position in shares of BlackBerry in the 3rd quarter valued at about $34,000. CI Investments Inc. raised its holdings in BlackBerry by 48.4% in the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock valued at $41,000 after buying an additional 2,745 shares during the period. NewEdge Advisors LLC lifted its position in BlackBerry by 2,349.1% during the third quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock valued at $57,000 after buying an additional 11,205 shares in the last quarter. LeConte Wealth Management LLC acquired a new position in BlackBerry during the second quarter valued at approximately $61,000. Finally, Benjamin Edwards Inc. grew its stake in BlackBerry by 31.5% during the second quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock worth $67,000 after buying an additional 3,500 shares during the period. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

BlackBerry News Summary

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: Q3 beat and FY guidance raise — BlackBerry topped EPS ($0.05 vs $0.04 est.) and revenue estimates, and raised the lower end of its fiscal‑2026 revenue forecast on strong cybersecurity demand, supporting medium‑term growth expectations. Article Title
• Positive Sentiment: Operational wins — Management cited record QNX sales, stronger Secure Communications results, improved operating cash flow and the strongest recent GAAP profitability, which reduce execution risk and support margin leverage. Article Title
• Positive Sentiment: Unusually heavy call‑option buying — Traders purchased ~32,945 calls (≈52% above typical call volume), signaling short‑term bullish positioning or hedging interest that can amplify intraday upside if sentiment turns.
• Neutral Sentiment: Guidance details are mixed — FY EPS was raised to 0.140–0.160 (above consensus), but Q4 EPS guidance of 0.030–0.050 and a revenue range that brackets estimates left some near‑term uncertainty; investors are parsing the cadence of revenue and margin progression. Press Release
• Neutral Sentiment: Analyst stance unchanged — RBC and Canaccord reaffirmed sector‑perform/hold ratings with $4.50–$4.60 targets, leaving a measured institutional view that values upside but remains cautious on execution and cadence. Tickerreport
• Negative Sentiment: Market reaction: shares slipped as investors focused on the near‑term outlook — despite the beats and a raised FY outlook, the after‑hours/next‑day selloff (heavy volume) shows sensitivity to guidance detail and timing of growth recovery. Article Title

About BlackBerry

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.