However, the same service has set a Blackberry projected stock price at $10.862 by the end of 2022, down further to $10.571 by the end of 2023, and slightly up again to $10.693 by the end of 2024. Its BB stock forecast for 2025 suggests the stock might trade at $10.522 by the end of December 2025.
Full Answer
What is BlackBerry stock price expectations for next year?
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?
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 …
What are Wall Street's forecasts for BlackBerry's stock?
Dec 01, 2021 · However, the same service has set a Blackberry projected stock price at $10.862 by the end of 2022, down further to $10.571 by the end of 2023, and slightly up again to $10.693 by the end of 2024. Its BB stock forecast for 2025 suggests the stock might trade at $10.522 by the end of December 2025.
Is BlackBerry Limited (BB) stock a good long-term investment?
Mar 17, 2021 · Its shares also briefly hit a nine-year high of $25.10 this January amid the Reddit-fueled short squeezes, but those gains quickly evaporated. Image source: BlackBerry. Yet BlackBerry's stock ...
Is BlackBerry stock Expected to 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
Is BlackBerry a good stock to hold?
As per TipRanks' analysts rating consensus, BlackBerry is a Moderate Sell. Out of 5 analyst ratings, there are 2 Hold and 3 Sell recommendations. The average Blackberry price target is $9.23. Analyst price targets range from a high of $10 per share to a low of $7.57 per share.Nov 14, 2021
What is the stock prediction for BlackBerry?
Stock Price Forecast The 7 analysts offering 12-month price forecasts for BlackBerry Ltd have a median target of 7.00, with a high estimate of 20.00 and a low estimate of 4.50. The median estimate represents a +3.70% increase from the last price of 6.75.
Is BlackBerry stock overvalued?
The current year Enterprise Value is expected to grow to about 3.6 B. Blackberry shows a prevailing Real Value of $8.35 per share. The current price of the firm is $7.48. At this time, the firm appears to be undervalued....Blackberry Valuation.LowNext ValueHigh4.377.4810.60
Is BlackBerry going out of business?
No Longer in Service: BlackBerry Phones Come to Their End. BlackBerry was once Canada's most valuable company and a global force in tech. The final step in its downfall as a phone maker arrived this week.Jan 8, 2022
Does BlackBerry pay a dividend?
BLACKBERRY (NYSE: BB) does not pay a dividend.
What is Nio price target?
The 29 analysts offering 12-month price forecasts for NIO Inc have a median target of 33.00, with a high estimate of 86.73 and a low estimate of 24.13. The median estimate represents a +61.13% increase from the last price of 20.48.
Why did BB stock go down?
What happened. Shares of BlackBerry ( BB 3.08% ) fell 16.8% in February, according to data from S&P Global Market Intelligence. The stock lost ground due to a price target cut from an analyst and the market's shift away from software stocks.Mar 7, 2022
What is the future of Tilray stock?
The analysts following Tilray expect it to perhaps double its 2021 revenues in fiscal 2022. That means that it is possible for Tilray to reach $4 billion in 2024 if its trajectory continues as it has. In other words, it doubles in 2022 to reach $1 billion in revenue.Jan 4, 2022
Does BB Short Squeeze?
BlackBerry's short interest According to MarketBeat, 6.76% of BB shares are currently being sold short. That's a fairly high level of short interest. It's not as high as it is with GME or AMC, but it's fairly high. If 6.76% of a stock's float has to be bought up all at once, you're going to see a squeeze.Jul 14, 2021
How does BlackBerry make money?
In BlackBerry's 2021 financial year, the company's revenue was around 893 million U.S. dollars. The business segment that provided the majority of the revenue was Software & Services. This is a noticeable difference from earlier in this decade, when devices were the predominant source of revenue for BlackBerry.
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 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 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.
Blackberry stock news
On 24 June 2021, Blackberry reported earnings for the first quarter of its 2021 fiscal year. Sales landed at 174m – a 15.5% drop on the same period a year ago, while slightly beating analysts’ estimates of $171.25m, according to data from Refinitiv.
BB stock analysis
The latest price action in Blackberry stock shows that a symmetrical triangle has formed as a result of the convergence between a rising lower trend line, resulting from a series of consecutive higher lows, and a declining upper trend line, resulting from a series of consecutive lower highs.
Blackberry (BB) stock forecast
Blackberry’s announcement about the launch of a product that allows drivers to make payments from a platform embedded within their vehicle’s systems is encouraging. It could radically affect the company’s performance, so as long as the market grows and the solution lives up to Blackberry’s promises.
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.
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 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.
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.
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.
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.
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.
Why is BlackBerry a good stock?
Not only is it involved in cybersecurity and has a strong reputation in data protection that's helped it gain the trust of the National Security Agency and the U.S. government, but it's also involved in developing software for driverless cars .
Who is David Jagielski?
David Jagielski is a designated accountant and has spent 10+ years working in finance for small and large businesses in many different sectors. He has been writing for The Fool since 2017. When he's not out hunting for cheap stocks or writing articles, odds are he's writing macros in Excel or reading history books. Follow @davidjagielski.
Is BlackBerry a bad company?
BlackBerry had a bad quarter, but the business isn't broken and its growth hasn't likely peaked. The company is still in the early stages of what could be significant long-term growth as it continues to build up its brand after a failed effort to compete in the handheld markets.