CIBC Reiterates Buy Rating on BlackBerry
CIBC maintains its buy rating on BlackBerry with a $10 target.
Key Points
- CIBC reiterated its buy rating on BlackBerry, setting a price target of $10 on June 17, 2026.
- BlackBerry shares are trading at $9.17 with a market cap of $5.37 billion and a P/E ratio of 101.9.
- Insiders recently bought shares, and analysts have mixed ratings with a consensus hold recommendation.
CIBC has reaffirmed its positive outlook on BlackBerry Limited (NYSE:BB) by maintaining a buy rating and setting a price target of $10. This analyst update comes as BlackBerry's shares are trading around $9.17.
Other Institutional Activity in BlackBerry
Several other institutional investors have been active in BlackBerry's stock. Legal & General Group PLC increased its stake by 4,644,181 shares, bringing its total to 34,867,912 shares valued at approximately $112.7 million. FifthDelta Ltd also boosted its holdings significantly by 8,850,571 shares, ending with 26,445,027 shares worth about $85.7 million. Conversely, Voya Investment Management LLC slightly reduced its position by 510,946 shares, now holding 25,664,963 shares valued at around $83.2 million.
BlackBerry Stock Snapshot
Shares of BlackBerry are trading near $9.17. The company holds a market cap of about $5.37 billion and a P/E ratio of 101.9, with a forward P/E of 45.5. Its beta is 1.551, indicating somewhat higher volatility compared to the market. The stock's 52-week range spans from $3.12 to $10.93, with a 50-day moving average of $6.65 and a 200-day moving average of $4.65. BlackBerry's current ratio stands at 2.119, and its quick ratio is 1.962, with a debt-to-equity ratio of 30.134.
Recent Earnings
BlackBerry reported revenue of $549.1 million with a growth rate of 10.1%. The company's net margin is 9.7%, and the return on equity (ROE) is 7.3%. Earnings per share (EPS) came in at $0.09. BlackBerry is set to release its next earnings report on June 25, 2026.
Insider Buying and Selling at BlackBerry Limited
Insider activity at BlackBerry has been notable, with several insiders purchasing shares. On May 31, 2026, Barry Mainz acquired 8,541 shares, Lisa Bahash bought 8,889 shares, and Wayne Wouters added 8,750 shares to their holdings. Other insiders such as Lori O'Neill, Philip Brace, and Richard Lynch also made similar purchases.
Analysts Set New Price Targets
On June 17, 2026, CIBC maintained its buy rating on BlackBerry with a price target of $10. Canaccord Genuity, on April 10, 2026, maintained a hold rating with a target of $4.4, while RBC Capital reiterated a hold rating with a target of $4.5 on the same day. Overall, the consensus among analysts is a hold recommendation, with an average price target of $5.16 from seven analysts.
About BlackBerry
BlackBerry Limited, based in Waterloo, Canada, provides intelligent software and services for enterprises and governments globally. Operating through segments like Secure Communications and QNX, BlackBerry offers secure mobile application platforms, enterprise file sync solutions, and secure messaging. The company also provides endpoint management, cryptography, and consulting services. Led by CEO John Joseph Giamatteo, BlackBerry employs around 1,749 people.
Bottom Line
CIBC's reiterated buy rating on BlackBerry reflects ongoing confidence in the company's performance. With shares trading near $9.17 and the market cap at $5.37 billion, BlackBerry remains a significant player in the technology sector. However, investors should note that these analyst ratings are based on past data and do not necessarily indicate future performance.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.