BlackBerry shares rise sharply again, this time getting a boost from an expanded partnership with Baidu for autonomous driving technology. M. Corey Goldman Updated: Jan 27, 2021 8:56 AM EST Original: Jan 26, 2021
Is BlackBerry stock still a buy at its nine-year highs?
Feb 07, 2021 · In December, for example, the stock spiked after BlackBerry finalized a deal with Amazon to provide software products for autonomous vehicles. “The company inked a multi-year deal with Amazon to...
Is BlackBerry’s CEO in for a big payout soon?
Other stocks have unexpectedly risen in recent weeks. The current recovery in the stock market has boosted the valuation of large companies. Investors are now hunting for bargains. There is …
Does BlackBerry's uneven growth justify its premium valuations?
Jan 29, 2021 · BlackBerry 's (NYSE: BB) stock started the year at $6.58 per share, but it hit a nine-year high of $25.10 on Jan. 27. The stock subsequently retreated to the mid-teens, but still remains up nearly...
What happened to the BlackBerry brand?
Jan 26, 2021 · Shares of BlackBerry ( BB -2.12% ) soared more than 40% on Monday morning despite no company-specific news. The company is one of the darlings of a Reddit discussion group that has been influencing...
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
Is BlackBerry a good investment now?
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
What's the prediction for BlackBerry stock?
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 +3.09% increase from the last price of 6.79.
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.
BlackBerry stock has tripled in value year to date
BlackBerry stock was trading at nearly $25 a share when the Toronto Stock Exchange opened on Monday, up more than $7 or more than 40% from Friday’s level. The company now has a market cap over $13 billion.
Enthusiasm about the tech stock is coming back
Those pieces of news might have helped to boost BlackBerry’s stock price to a certain extent, but what could have helped increase the share price further is enthusiasm from retail investors on popular online discussion forums such as Reddit. Other stocks have unexpectedly risen in recent weeks.
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What happened
Shares of BlackBerry ( BB -2.49% ) soared more than 40% on Monday morning despite no company-specific news. The company is one of the darlings of a Reddit discussion group that has been influencing market moves in recent weeks, and the stock appears to be benefiting from the attention today.
So what
BlackBerry, perhaps best known as the maker of the original must-have smartphone, had mostly fallen off the radar until recently. The company that was once known as Research in Motion has abandoned the handset business but continues to plug away as a maker of software and services focused on security.
NYSE: BB
The partnership provided a reminder of the potential of BlackBerry's remaining business, and perhaps caused a lot of investors to take a fresh look at the stock. But December's 12% gains are nothing compared to what has happened in January.
Now what
I was bullish on BlackBerry heading into 2021, calling the stock the turnaround story of 2020. Three weeks into the year, I don't know what to think.
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