If you buy and hold BlackBerry stock, the expectation is over time the near-term fluctuations will cancel out, and the long-term positive trend will favor you - at least if the company is otherwise strong. Overall, according to data and Trefis machine learning engine’s calculations, patience absolutely pays for most stocks!
Full Answer
Is BlackBerry stock worth buying?
The post BlackBerry Stock: A Growth Stock to Buy or a Has-Been? appeared first on The Motley Fool Canada. Before you consider Amazon.com, we think you’ll want to hear this. Our S&P/TSX market doubling* Stock Advisor Canada team just released their top 10 ...
Should I buy BlackBerry?
Today, though, it’s almost humorous to think that BlackBerry once held a leadership position in the mobile phone industry. Years ago, the company lost its market share after hesitating to include touchscreen displays in its products. Nevertheless, BlackBerry is still in business — but it is a very different business.
Should you buy BB stock?
Stockchase rating for BlackBerry is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock. What is BlackBerry stock symbol? BlackBerry is a Canadian stock, trading under the symbol BB-T on the Toronto Stock Exchange (BB-CT).
Is BMY a buy now?
Which Berkshire Hathaway holdings -- a.k.a. Warren Buffett stocks -- are the best buys during this particularly volatile market? Dividend-paying pharma stocks AbbVie ( NYSE:ABBV) and Bristol Myers Squibb ( NYSE:BMY) are both outstanding buys for any type of investor right now.
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...
About BlackBerry
BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company leverages artificial intelligence and machine learning to deliver solutions in the areas of cybersecurity, safety, and data privacy; and endpoint security management, encryption, and embedded systems.
Headlines
BlackBerry Rode the Meme-Stock Rally. Analyst Says It Has Gone Too Far.
BlackBerry (TSE:BB) Frequently Asked Questions
5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last year. There are currently 3 sell ratings and 2 hold ratings for the stock.
Historical and forecast chart of BlackBerry stock
The chart below shows the historical price of BlackBerry stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the BlackBerry stock price can be found in the table below.
BlackBerry Daily Price Targets
Forecast target price for 02-26-2022: $ 6.38. Positive dynamics for BlackBerry shares will prevail with possible volatility of 3.638%.
BlackBerry forecast for this year
An uptrend is forecast for this month with an optimal target price of $ 6.50667. Pessimistic: $6.06. Optimistic: $7.05
BlackBerry information and performance
Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.
BlackBerry (BB-T)
Announced shut down of classic phone support last week. Now focusing on selling software. Net income grew 157% in 2021. Experts Alex Rus and Stephen Takacsy recently gave negative signals due to the uncertainty of this business model pivot. Social media mentions are up 363% for the past 24h.
BlackBerry (BB-T) Rating
Stockchase rating for BlackBerry is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
BlackBerry (BB-T) Frequently Asked Questions
BlackBerry is a Canadian stock, trading under the symbol BB-T on the Toronto Stock Exchange (BB-CT). It is usually referred to as TSX:BB or BB-T
What happened
Popularized by Reddit traders on WallStreetBets early in the week then crushed by brokers' reaction to the WSB phenomenon on Thursday, shares of BlackBerry Limited ( BB -2.63% ) are taking off again in Friday trading now that some brokers who had limited or banned purchases of heavily shorted stocks yesterday are lifting their bans.
So what
With WSB unshackled, it's no great mystery why BlackBerry stock is hot again -- but here's the really curious thing: Some of the folks you'd expect to be pleased by this development are actually missing out on the rally instead.
NYSE: BB
Whereas BlackBerry stock hit an intraday five-year high of $28.77 per share on Wednesday (and still trades north of $16 right now), some of the people who know BlackBerry's business best headed for the exits and sold their shares for a paltry $12.63 to $13.01 apiece.
Now what
What should investors take away from this news, aside from perhaps a feeling of schadenfreude at the corner-office execs missing out on the rally? Although it is true that investors sell stock for many reasons and that it can be dangerous to make assumptions about why they sell, the fact remains:
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The meme stock craze has blurred the picture for BlackBerry stock
I’ve said it many times. The meme stock craze is something I can do without. Of course, it’s really nice to benefit from it. However, it’s not a sign of a healthy, rational market. A rational market trades on fundamentals. This makes sense. It gives us a chance to figure out which stocks are good buys. It gives us a chance to make predictions.
BlackBerry stock has tons of long-term value
In my view, the bottom line for BlackBerry stock is that it has massive upside in the long term. Award-winning technology, a strong financial position, and exposure to two of the biggest growth industries are the key themes that will take the stock higher.
Motley Fool: The bottom line
BlackBerry stock is a strong long-term buy, in my view. But today is not the time to buy it. It is, in fact, the time to take profits. We can wait for the stock to trade more in line with current fundamentals before buying back. Because the risk in the market in general is already high, since it’s trading at all-time highs.
Stock Advisor Canada Returns
Returns since inception, October 2013. Current as of February 17, 2022.
Robinhood trading restrictions sap the short squeeze's strength
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
BlackBerry ( NYSE:BB) stock tanked 20% in 10:30 a.m. EST trading today.
So what
BlackBerry stock sits on a list of eight specific stocks currently restricted for trading on the popular Robinhood stock trading app. Robinhood states that its customers are currently not permitted to buy new shares of BlackBerry if they own 700 or more shares, nor buy new option contracts if they own more than 700 such contracts.
Now what
Yesterday, Robinhood announced that it has secured $3.4 billion in financing "to invest in record customer growth, including $1 billion in funding announced on January 29." The company had previously explained that it imposed trading restrictions in the first place because it lacked the cash to meet "deposit requirements" imposed by its securities clearinghouse..
What happened
BlackBerry 's ( BB 1.51% ) stock price sank 9.7% Wednesday, following the release of the software company's fourth-quarter earnings results.
So what
BlackBerry's revenue fell 25% year over year to $210 million. That was well below the $245 million Wall Street had expected.
NYSE: BB
BlackBerry's shares fell sharply Wednesday. Image source: Getty Images.
Now what
BlackBerry's stock got caught up in the short squeeze mania that helped to drive up the prices of stocks like GameStop and AMC Entertainment in recent months. But while day traders can temporarily impact market prices, the long-term value of a business is ultimately determined by its sales and profits.
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BB Stock and Connected Cars
As I’ve noted before, Morgan Stanley (NYSE: MS) embraced “the monetization of connected cars” this past November.
What BlackBerry Sells
One way to think about BlackBerry’s situation in connected cars is to compare it to Microsoft (NASDAQ: MSFT ). Of course, that company sells operating systems for computers. But just as Microsoft has made money from software sales, BB can profit from selling OSs for our increasingly tech-advanced vehicles.
Spark Will Jump Start Revenue, Facebook Will Pay
Clearly, BlackBerry’s upside is not limited to the connected car space alone. To that end, in May 2020, the company announced Spark Suites. This new security product will provide companies and governments with “a range of tailored cybersecurity and endpoint management options.”
Bottom Line
It’s true — right now, BlackBerry’s shares are very volatile. Why? The Reddit stock forum, Wall Street Bets (WSB), recently targeted it alongside other names in a massive short squeeze. That situation could continue for some time.
