BlackBerry (BB) was upgraded to a Hold Rating at TD Securities
BlackBerry received a Hold rating and price target from TD Securities analyst Daniel Chan on December 22. The company’s shares closed yesterday at C$5.42.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Chan covers the Technology sector, focusing on stocks such as Celestica, Open Text, and BlackBerry. According to TipRanks, Chan has an average return of 14.4% and a 58.26% success rate on recommended stocks.
Currently, the analyst consensus on BlackBerry is a Hold with an average price target of C$7.01, representing a 29.29% upside. In a report released on December 20, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a C$5.50 price target.
Based on BlackBerry’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of C$197.82 million and a net profit of C$19.11 million. In comparison, last year the company earned a revenue of C$143 million and had a GAAP net loss of C$11 million
Read More on BB:
