On September 7, 2023, Paul Treiber, an esteemed analyst from RBC Capital, expressed his unwavering support for BlackBerry (NYSE:BB) by reiterating his Sector Perform rating and maintaining a price target of $4.5. With a keen focus on the ever-evolving Technology sector, Treiber has diligently covered a portfolio of 26 stocks, boasting an impressive success rate of 66.07%. His expertise and insights continue to shape the landscape of Wall Street, guiding investors towards informed decisions.
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BlackBerry Limited (BB) Stock Performance and Financial Analysis: September 7, 2023
BlackBerry Limited (BB) had a stable stock performance on September 7, 2023. The stock fluctuated within a range of $5.53 to $5.64 with a trading volume of 15,219. The market capitalization of BlackBerry stood at $3.3 billion. BB’s earnings growth this year was +84.03%, but the projected earnings growth for the next five years is -30.66%. The P/E ratio was not mentioned, but the price/sales ratio was 3.79 and the price/book ratio was 3.80. RingCentral Inc (RNG) saw an increase of $1.27, while Blackline Inc (BL) experienced a decrease of $0.36 and Commvault Systems Inc (CVLT) saw a slight decline of $0.11. BlackBerry’s next reporting date is scheduled for September 28, 2023. The company’s annual revenue was $656.0 million in the previous year, but it suffered a net loss of -$734.0 million. The net profit margin was -111.89%. BlackBerry’s corporate headquarters is located in Waterloo, Ontario. Investors should closely monitor the company’s financial performance and industry trends.
BlackBerry Ltd Stock Performance on September 7, 2023: Analysts Predict Potential Increase as Earnings Report Looms
On September 7, 2023, BlackBerry Ltd’s stock performance was closely monitored by investors and analysts. According to data from CNN Money, the 12-month price forecasts provided by nine analysts for BlackBerry Ltd had a median target of $6.00, with a high estimate of $12.00 and a low estimate of $4.50. This median estimate represented an 8.11% increase from the last recorded price of $5.55.
The consensus among 11 polled investment analysts was to hold stock in BlackBerry Ltd. This rating had remained steady since August, indicating that the market sentiment towards the company had not changed significantly.
BlackBerry Ltd reported earnings per share of -$0.05 for the current quarter. The company’s sales for the same period amounted to $153.1 million.
Looking ahead, BlackBerry Ltd was scheduled to release its next earnings report on September 28, providing further information on its financial performance and potentially influencing its stock price.
Overall, the stock performance of BlackBerry Ltd on September 7, 2023, was being closely watched by investors and analysts. The median target price forecasted by analysts indicated a potential increase in stock value, while the consensus rating suggested a hold position. The upcoming earnings report would likely provide more clarity on the company’s financial health and could potentially impact its stock performance.