BlackBerry (NYSE:BB) Stock Price Up 5.7% – What’s Next?

28 Sep 2026, 20:01 by Michael Walen · The Markets Daily

Shares of BlackBerry Limited (NYSE:BB – Get Free Report) were up 5.7% during trading on Monday. The company traded as high as $8.70 and last traded at $8.6750. 15,554,487 shares were traded during mid-day trading, a decline of 16% from the average session volume of 18,472,453 shares. The stock had previously closed at $8.21.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. TD boosted their price objective on BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Stifel Nicolaus assumed coverage on shares of BlackBerry in a report on Wednesday, June 24th. They issued a “buy” rating and a $12.00 price objective on the stock. Zacks Research cut shares of BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, TD Securities reissued a “hold” rating and issued a $8.00 price target on shares of BlackBerry in a research note on Friday, June 26th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.25.

Get Our Latest Research Report on BlackBerry

BlackBerry Stock Performance

The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 73.88 and a beta of 2.23. The stock’s fifty day moving average is $8.29 and its 200-day moving average is $7.40. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.25.

BlackBerry (NYSE:BB – Get Free Report) last posted its earnings results on Thursday, September 24th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The company had revenue of $166.56 million for the quarter, compared to analyst estimates of $144.22 million. BlackBerry had a net margin of 13.09% and a return on equity of 13.71%. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period last year, the business posted $0.04 earnings per share. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. On average, analysts forecast that BlackBerry Limited will post 0.14 EPS for the current year.

Insiders Place Their Bets

In other BlackBerry news, CFO Tim Foote sold 8,235 shares of BlackBerry stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $10.92, for a total transaction of $89,926.20. Following the transaction, the chief financial officer directly owned 73,535 shares in the company, valued at approximately $803,002.20. The trade was a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John Giamatteo sold 152,012 shares of the stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $11.35, for a total value of $1,725,336.20. Following the completion of the sale, the chief executive officer owned 687,246 shares of the company’s stock, valued at $7,800,242.10. This trade represents a 18.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 355,858 shares of company stock worth $4,012,270. 0.51% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc bought a new stake in BlackBerry in the 2nd quarter valued at $480,710,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in BlackBerry during the 2nd quarter worth about $69,786,000. Bank of America Corp DE acquired a new stake in shares of BlackBerry in the 2nd quarter valued at about $64,718,000. BlackRock Inc. acquired a new stake in shares of BlackBerry in the 2nd quarter valued at about $42,002,000. Finally, Primecap Management Co. CA bought a new stake in shares of BlackBerry in the second quarter valued at about $36,362,000. Institutional investors own 54.48% of the company’s stock.

BlackBerry Company Profile

(Get Free Report)

BlackBerry Limited is a Canadian software company headquartered in Waterloo, Ontario, that provides cybersecurity and Internet of Things (IoT) solutions to enterprises, governments and other organizations worldwide. Its cybersecurity offerings include endpoint protection, endpoint management, identity and access controls, secure communications, and tools designed to help organizations monitor and respond to cyber threats.