BlackBerry today received complementing news from analysts at Scotiabank, Deutsche Bank, Vetr, Imperial Capital, and BGC Financial.
BlackBerry’s price target had been raised to $12.50 in a Scotiabank report released on Tuesday.
Scotiabank put a “sector perform” rating on the stock. The price target would suggest a potential upside of 40.61% from BlackBerry’s current price.
The Deutsche Bank analysts upgraded shares of BlackBerry to a “hold” rating and set a $9.00 price target on the stock.
Analysts at BGC Financial set a $12.50 price target on shares of BlackBerry and gave the company a “buy” rating.
Imperial Capital analysts upgraded shares of BlackBerry to an “in-line” rating and set a $10.00 price target on the stock.
The analysts at Vetr upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and set a $10.98 price target on the stock.
“BlackBerry has a 1-year low of $7.01 and a 1-year high of $12.63. The stock has a 50-day moving average of $9. and a 200-day moving average of $10.. The company’s market cap is $4.65 billion. BlackBerry also was the recipient of unusually large options trading activity on Monday. Traders bought 41,599 call options on the stock. This represents an increase of approximately 177% compared to the average daily volume of 15,021 call options,” says The Legacy.
Last week, BlackBerry reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.07. The company had revenue of $660.00 million for the quarter, compared to the consensus estimate of $802.29 million.