Canadian Imperial Bank of Commerce Increases BlackBerry (NYSE:BB) Price Target to $13.00

26 Jun 2026, 11:42 by Scott Moore · The Cerbat Gem

BlackBerry (NYSE:BB – Get Free Report) had its target price hoisted by Canadian Imperial Bank of Commerce from $10.00 to $13.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s price objective points to a potential upside of 16.02% from the stock’s current price.

BB has been the topic of several other reports. Raymond James Financial reiterated a “market perform” rating and issued a $9.50 price target on shares of BlackBerry in a research report on Friday. Weiss Ratings raised shares of BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Stifel Nicolaus assumed coverage on BlackBerry in a research note on Wednesday. They issued a “buy” rating and a $12.00 price objective for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $4.50 target price on shares of BlackBerry in a report on Friday, April 10th. Finally, Canaccord Genuity Group set a $10.30 target price on BlackBerry in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.10.

View Our Latest Stock Report on BlackBerry

BlackBerry Stock Performance

Shares of BlackBerry stock traded up $0.86 during trading hours on Friday, reaching $11.21. 27,661,734 shares of the stock traded hands, compared to its average volume of 19,062,555. BlackBerry has a one year low of $3.12 and a one year high of $11.27. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 140.08 and a beta of 2.29. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average price of $7.37 and a 200 day moving average price of $4.97.

BlackBerry (NYSE:BB – Get Free Report) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $139.81 million. BlackBerry had a net margin of 9.69% and a return on equity of 10.09%. The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 EPS. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. On average, equities research analysts expect that BlackBerry will post 0.13 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO John Joseph Giamatteo sold 27,066 shares of BlackBerry stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total transaction of $96,354.96. Following the sale, the chief executive officer owned 899,146 shares of the company’s stock, valued at approximately $3,200,959.76. This trade represents a 2.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of the business’s stock in a transaction that occurred on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total value of $106,472.48. Following the completion of the transaction, the senior vice president directly owned 94,903 shares in the company, valued at approximately $337,854.68. This represents a 23.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 73,171 shares of company stock worth $260,489 over the last 90 days. Company insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On BlackBerry

Several institutional investors and hedge funds have recently modified their holdings of BB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of BlackBerry by 1.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company’s stock worth $3,106,000 after buying an additional 10,667 shares in the last quarter. Geode Capital Management LLC grew its stake in BlackBerry by 263.2% during the second quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company’s stock valued at $5,348,000 after acquiring an additional 846,208 shares in the last quarter. Creative Planning increased its holdings in BlackBerry by 87.5% in the 2nd quarter. Creative Planning now owns 53,413 shares of the company’s stock valued at $245,000 after acquiring an additional 24,921 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in BlackBerry in the 2nd quarter valued at $86,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in BlackBerry by 1,390.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock worth $71,397,000 after purchasing an additional 14,544,005 shares in the last quarter. Institutional investors own 54.48% of the company’s stock.

BlackBerry News Summary

Here are the key news stories impacting BlackBerry this week:

Positive Sentiment: BlackBerry posted first-quarter revenue of about $152.9 million, up 26% year over year, and EPS of $0.04, both above analyst estimates, showing the core business is outperforming expectations. BlackBerry Reports First Quarter Fiscal Year 2027 Results
Positive Sentiment: Management raised full-year FY2027 revenue and EPS guidance, signaling confidence that momentum in QNX and Secure Communications can continue. BlackBerry lifts annual revenue forecast as QNX unit powers growth
Positive Sentiment: QNX growth, stronger secure communications demand, and the company’s first cash-positive quarter in nine years helped support the bullish reaction and the “mission critical software” narrative. BlackBerry Stock Rises After Q1 Double Beat, First Cash-Positive Quarter In Nine Years
Neutral Sentiment: Coverage around BlackBerry’s turnaround and its growing AI-related opportunities is adding to investor interest, but this is more of a sentiment booster than a fundamental catalyst by itself. BlackBerry Sees New AI Opportunities as Embedded-Software Business Accelerates
Neutral Sentiment: BlackBerry also announced election results for its board of directors, which is routine corporate housekeeping and unlikely to move the stock materially. BlackBerry Announces Election Results for the Company’s Board of Directors

BlackBerry Company Profile

(Get Free Report)

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.