According to data compiled by MarketBeat, the consensus rating for Blackberry stands at sell while the price target for the stock currently stands at $9.80 resulting in a mild 2% downside risk.
Full Answer
Is BlackBerry’s short interest ratio still too high?
Sep 23, 2021 · If BlackBerry can clear this moving average and take out the post-earnings high at $11.05, it puts $12 range resistance in play. Above that puts $13.60 on the table, which is …
Is BlackBerry stock still a buy after its 52-week high?
The current BlackBerry Ltd [ BB.TO] share price is $8.68. The Score for BB.TO is 40, which is 20% below its historic median score of 50, and infers higher risk than normal. BB.TO is currently trading in the 30-40% percentile range relative to its historical Stock Score levels.
Should you hold on to BlackBerry stock?
Jun 07, 2021 · BlackBerry (BB) stock is rallying again.Following a surge in mentions on social media platforms like Reddit, the stock gained 38 percent over the last week. How high can BlackBerry stock go in ...
What is BlackBerry's price targets for the next year?
Mar 29, 2022 · BlackBerry's stock was trading at $4.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BB shares have increased by 63.5% and is now trading at $6.80. View which stocks have been most impacted by COVID-19.
Can BlackBerry stock rise?
Analysts, however, expect sales to rise to 23.3% to $900 million in fiscal 2024, while the adjusted net loss per share might narrow to $0.03. There is a good chance for BlackBerry to raise equity capital and dilute shareholder wealth given it ended the most recent quarter with $407 million in cash.Mar 5, 2022
What was BlackBerry highest stock price?
BlackBerry's stock price peaked at an all-time high of $146 in mid-2008. A year earlier, Apple, Inc.
Is BlackBerry stock a good long term investment?
This company's stock price has continued to decline, and is now trading back near the $10 level. However, the risk may be worth it for aggressive growth investors right now. BlackBerry is a company with a strong cybersecurity and software base, that could see impressive growth emanate from this recent partnership.Nov 14, 2021
Does BlackBerry stock pay dividends?
BLACKBERRY (NYSE: BB) does not pay a dividend.
Will BlackBerry go up tomorrow?
There's a good chance that this upwards movement will continue tomorrow as well....Munafa value: 65 as on 13 Wed Apr 2022.Upside target7.18Upside target6.94Downside target6.79Downside target6.66Downside target6.554 more rows
Is BlackBerry stock a buy or sell?
The BlackBerry Limited stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.
Why should I invest in BlackBerry stock?
Shares of BlackBerry Limited BB have gained 43.2% compared with the industry's growth of 40.2% in the past year. The uptick was primarily driven by robust demand for cybersecurity and IoT products in the market. The company invests in product development and go-to-market strategy to drive long-term sustainable growth.Dec 31, 2021
Is BlackBerry making a comeback?
The iconic BlackBerry is “not dead” and is set to make a comeback in 2022, a Texas-based security solutions start-up said, reminding lovers of the legacy handset that a 5G BlackBerry smartphone will be launched this year. The note comes as BlackBerry pulled the plug on its devices earlier this month.Jan 12, 2022
Is BlackBerry a buy right now?
6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last year. There are currently 4 sell...
How has BlackBerry's stock price been impacted by COVID-19?
BlackBerry's stock was trading at $4.16 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO)....
When is BlackBerry's next earnings date?
BlackBerry is scheduled to release its next quarterly earnings announcement on Tuesday, March 29th 2022. View our earnings forecast for BlackBerry .
How were BlackBerry's earnings last quarter?
BlackBerry Limited (NYSE:BB) posted its quarterly earnings results on Tuesday, September, 21st. The company reported ($0.06) earnings per share (EP...
What price target have analysts set for BB?
6 equities research analysts have issued 12-month target prices for BlackBerry's stock. Their forecasts range from $6.50 to $11.00. On average, the...
Who are BlackBerry's key executives?
BlackBerry's management team includes the following people: Mr. John S. Chen , Exec. Chairman & CEO (Age 66, Pay $3.01M) ( LinkedIn Profile ) Mr...
What is John Chen's approval rating as BlackBerry's CEO?
706 employees have rated BlackBerry CEO John Chen on Glassdoor.com . John Chen has an approval rating of 50% among BlackBerry's employees. This pu...
Who are some of BlackBerry's key competitors?
Some companies that are related to BlackBerry include Crown Castle International (CCI) , SBA Communications (SBAC) , United States Cellular (USM...
What other stocks do shareholders of BlackBerry own?
Based on aggregate information from My MarketBeat watchlists, some companies that other BlackBerry investors own include NVIDIA (NVDA) , Bank of...
"Should I invest in BlackBerry stock?" "Should I trade "BB" stock today?"
According to our live Forecast System, BlackBerry Ltd stock is a bad long-term (1-year) investment *.
What is the BlackBerry stock price / share price today?
The BlackBerry stock price is 6.570 USD today.
Will BB stock price drop / fall?
Yes. The BlackBerry stock price may drop from 6.570 USD to 6.102 USD...
Will BB stock price grow / rise / go up?
No. See above .
Will BB stock price crash?
According to our analysis, this can happen.
Will BlackBerry stock price hit 10 USD price in a year?
Not within a year. See above .
Will BlackBerry stock price hit 20 USD price in a year?
Not within a year. See above .
Will BlackBerry stock price hit 50 USD price in a year?
Not within a year. See above .
BlackBerry Ltd Stock Forecast
Over the next 52 weeks, BlackBerry Ltd has on average historically risen by 65.3 % based on the past 23 years of stock performance.
Will BlackBerry Ltd Stock Go Up Next Year?
Over the next 52 weeks, BlackBerry Ltd has on average historically risen by 65.3% based on the past 23 years of stock performance.
BlackBerry Ltd Stock Price History
The current trend is moderately bullish and BB.TO is experiencing selling pressure, which indicates risk of future bearish movement.
Stock Predictions
Is BlackBerry Ltd stock public?#N#Yes, BlackBerry Ltd is a publicly traded company.
Is there a short squeeze on BlackBerry?
BlackBerry’s short squeeze. With BlackBerry stock climbing as much as it has, another short squeeze might be in the works. According to Fintel, roughly 24 percent of BlackBerry’s trading volume on June 4 was sold short compared to 13 percent on May 26. This suggests that there are significant BlackBerry shorts that could get squeezed.
Is BlackBerry stock up?
On June 7, BlackBerry stock is up 9 percent. It’s clear that retail investors on Reddit are bullish about BlackBerry again. It's one of the most popular stocks on Reddit’s WallStreetBets forum followed by the usual meme suspects like AMC and GameStop. AMC stock also gained significantly before the movie theater chain announced a plan to sell additional stock.
Is BlackBerry a buy right now?
6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last year. There are currently 4 sell ratings and 2 hold ratings for the stock.
What stocks does MarketBeat like better than BlackBerry?
Wall Street analysts have given BlackBerry a "Sell" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but BlackBerry wasn't one of them.
When is BlackBerry's next earnings date?
BlackBerry is scheduled to release its next quarterly earnings announcement on Thursday, September 23rd 2021.#N#View our earnings forecast for BlackBerry.
How were BlackBerry's earnings last quarter?
BlackBerry Limited (NYSE:BB) posted its quarterly earnings results on Wednesday, June, 23rd. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $174 million for the quarter, compared to analysts' expectations of $171.04 million.
How has BlackBerry's stock been impacted by Coronavirus?
BlackBerry's stock was trading at $4.16 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, BB stock has increased by 156.0% and is now trading at $10.65.#N#View which stocks have been most impacted by COVID-19.
What price target have analysts set for BB?
6 brokers have issued 12 month price targets for BlackBerry's stock. Their forecasts range from $7.50 to $11.00. On average, they anticipate BlackBerry's share price to reach $9.30 in the next twelve months.
What is John Chen's approval rating as BlackBerry's CEO?
706 employees have rated BlackBerry CEO John Chen on Glassdoor.com. John Chen has an approval rating of 50% among BlackBerry's employees. This puts John Chen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
How much is BlackBerry worth in 2021?
BlackBerry’s stock valuation. At the time of writing, BlackBerry stock is worth $24. That’s a price-to-sales ratio of 13.4 — much lower than most smartphone makers and tech stocks in 2021. However, unlike most tech companies BlackBerry isn’t growing.
Why did Reddit target BlackBerry?
Retail investors on Reddit seem to have targeted BlackBerry because it was unpopular, not because it was undervalued. They specifically picked companies with plenty of short interest. In other words, they targeted companies that institutional investors or Wall Street was betting against.
What is shorting a stock called?
When a professional investor bets against a stock (called “shorting”), they borrow the stock and sells it at market price. If the stock price declines over time, they can buy it back, deliver it to the buyer, and pocket the difference as a profit.
Is BlackBerry stock overvalued?
However, the portfolio is estimated to be worth only $571 million, while the company’s market value has now surged past $13 billion. Unsurprisingly, BlackBerry stock is overvalued. But Reddit users weren’t targeting BlackBerry for its fundamentals.
Is BlackBerry a security company?
BlackBerry, no longer the world’s largest smartphone manufacturer, now provides endpoint security management solutions. BlackBerry’s presence in embedded systems is growing, notably in the automobile industry. Moreover, BlackBerry is poised to capitalize on the need for cybersecurity on 5G-enabled endpoint devices.
Is BlackBerry stock up in 2021?
BlackBerry stock has had a turbulent run in 2021. The stock hit a high of $28.77 amid Reddit mania but the gains soon fizzled. The stock is down 60 percent from its 52-week high, but still up 74 percent for the year.
Who owns Snap Inc.?
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Leo Sun owns shares of Amazon, Baidu, Palo Alto Networks, and Snap Inc.
Who is John Mackey?
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.
Who is Leo in 2021?
Mar 17, 2021 at 8:00AM. Author Bio. Leo is a tech and consumer goods specialist who has covered the crossroads of Wall Street and Silicon Valley since 2012. His wheelhouse includes cloud, IoT, analytics, telecom, and gaming related businesses.
Does BlackBerry have a QNX?
But BlackBerry still has a lot to prove. BlackBerry recently revealed new or expanded partnerships with Amazon Web Services (AWS), Baidu, and several automakers to integrate QNX into their next-gen systems for connected and driverless cars.
Amazon will make BlackBerry great again
Amazon is a company that is built on disruption. When Amazon moves into a sector it targets, it takes no prisoners. This is certainly good news for BlackBerry, a company that has partnered with Amazon to develop software for connected vehicles.
Keep an eye on those quarterly earnings
BlackBerry’s stock is potentially only in the early stages of a parabolic move. Should BlackBerry report some pretty fantastic numbers in the upcoming quarters, investors may once again get that itch to buy shares in this great Canadian technology company.
